Zullo Investment Group Inc. Invests $212,000 in ProShares Ultra QQQ $QLD

Zullo Investment Group Inc. purchased a new position in shares of ProShares Ultra QQQ (NYSEARCA:QLD) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 1,800 shares of the company’s stock, valued at approximately $212,000.

Other large investors also recently modified their holdings of the company. IFP Advisors Inc increased its stake in shares of ProShares Ultra QQQ by 80.2% during the 1st quarter. IFP Advisors Inc now owns 899 shares of the company’s stock worth $80,000 after purchasing an additional 400 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in shares of ProShares Ultra QQQ by 38.1% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 949 shares of the company’s stock worth $112,000 after purchasing an additional 262 shares during the last quarter. Spire Wealth Management increased its stake in shares of ProShares Ultra QQQ by 15.7% during the 1st quarter. Spire Wealth Management now owns 1,144 shares of the company’s stock worth $102,000 after purchasing an additional 155 shares during the last quarter. Oliver Lagore Vanvalin Investment Group purchased a new stake in shares of ProShares Ultra QQQ during the 2nd quarter worth approximately $205,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new stake in shares of ProShares Ultra QQQ during the 2nd quarter worth approximately $232,000.

ProShares Ultra QQQ Stock Down 7.0%

Shares of QLD stock opened at $131.81 on Friday. The company has a 50 day moving average of $130.21 and a 200-day moving average of $111.96. ProShares Ultra QQQ has a 12-month low of $64.72 and a 12-month high of $142.82. The firm has a market cap of $9.50 billion, a P/E ratio of 31.03 and a beta of 2.27.

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.