Schnieders Capital Management LLC Purchases New Position in ProShares Ultra QQQ $QLD

Schnieders Capital Management LLC purchased a new stake in shares of ProShares Ultra QQQ (NYSEARCA:QLD) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 2,300 shares of the company’s stock, valued at approximately $271,000.

A number of other hedge funds also recently bought and sold shares of QLD. Marshall Financial Group LLC increased its holdings in ProShares Ultra QQQ by 40.1% during the 2nd quarter. Marshall Financial Group LLC now owns 256,981 shares of the company’s stock valued at $30,247,000 after purchasing an additional 73,580 shares during the period. Silver Oak Securities Incorporated purchased a new position in ProShares Ultra QQQ during the 1st quarter valued at about $4,827,000. Tempus Wealth Planning LLC purchased a new position in ProShares Ultra QQQ during the 2nd quarter valued at about $6,155,000. Efficient Advisors LLC purchased a new position in ProShares Ultra QQQ during the 1st quarter valued at about $4,268,000. Finally, Client First Investment Management LLC purchased a new position in ProShares Ultra QQQ during the 2nd quarter valued at about $3,665,000.

ProShares Ultra QQQ Price Performance

Shares of NYSEARCA:QLD opened at $141.61 on Tuesday. ProShares Ultra QQQ has a 1 year low of $64.72 and a 1 year high of $142.82. The company has a market cap of $10.32 billion, a PE ratio of 31.03 and a beta of 2.27. The stock’s 50-day moving average is $131.88 and its 200 day moving average is $114.39.

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.