Sowell Financial Services LLC bought a new stake in ProShares Ultra QQQ (NYSEARCA:QLD – Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 37,164 shares of the company’s stock, valued at approximately $3,555,000.
Several other hedge funds also recently modified their holdings of QLD. Bullseye Investment Management LLC purchased a new stake in shares of ProShares Ultra QQQ during the second quarter worth about $33,000. Portus Wealth Advisors LLC acquired a new position in shares of ProShares Ultra QQQ in the first quarter valued at approximately $26,000. Physician Wealth Advisors Inc. purchased a new position in shares of ProShares Ultra QQQ during the first quarter valued at approximately $66,000. Integrated Wealth Concepts LLC purchased a new position in shares of ProShares Ultra QQQ during the second quarter valued at approximately $186,000. Finally, Retirement Planning Co of New England Inc. purchased a new position in shares of ProShares Ultra QQQ during the third quarter valued at approximately $246,000.
ProShares Ultra QQQ Stock Performance
Shares of NYSEARCA QLD opened at $91.46 on Thursday. ProShares Ultra QQQ has a 1 year low of $56.60 and a 1 year high of $101.62. The firm’s 50 day moving average price is $92.50 and its 200 day moving average price is $89.23. The firm has a market cap of $14.55 billion, a P/E ratio of 31.03 and a beta of 2.46.
ProShares Ultra QQQ Profile
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. The Index is calculated under a modified capitalization-weighted methodology.
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Want to see what other hedge funds are holding QLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ProShares Ultra QQQ (NYSEARCA:QLD – Free Report).
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