Howard Capital Management Inc. lifted its stake in shares of ProShares Ultra QQQ (NYSEARCA:QLD – Free Report) by 0.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 7,410,206 shares of the company’s stock after buying an additional 1,657 shares during the period. ProShares Ultra QQQ accounts for about 10.2% of Howard Capital Management Inc.’s investment portfolio, making the stock its 2nd biggest holding. Howard Capital Management Inc. owned approximately 0.11% of ProShares Ultra QQQ worth $802,081,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Compass Planning Associates Inc purchased a new position in ProShares Ultra QQQ during the 4th quarter worth $40,000. Financial Life Planners bought a new stake in shares of ProShares Ultra QQQ during the 4th quarter worth $51,000. Tradition Wealth Management LLC bought a new stake in shares of ProShares Ultra QQQ during the 3rd quarter worth $207,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in shares of ProShares Ultra QQQ during the 4th quarter worth $214,000. Finally, Safe Harbor Fiduciary LLC bought a new stake in shares of ProShares Ultra QQQ during the 3rd quarter worth $233,000.
ProShares Ultra QQQ Price Performance
NYSEARCA QLD opened at $113.14 on Friday. The stock has a market capitalization of $7.74 billion, a price-to-earnings ratio of 25.00 and a beta of 2.55. ProShares Ultra QQQ has a one year low of $75.28 and a one year high of $120.68. The business’s fifty day moving average is $112.92 and its 200-day moving average is $105.00.
About ProShares Ultra QQQ
ProShares Ultra QQQ (the Fund), formerly Ultra QQQ ProShares, seeks daily investment results that correspond to twice the daily performance of the NASDAQ-100 Index. The NASDAQ-100 Index represents the largest non-financial domestic and international issues listed on The NASDAQ Stock Market. To be eligible for inclusion, companies cannot be in bankruptcy proceedings and must meet certain additional criteria, including minimum trading volume and seasoning requirements.
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