Bryn Mawr Trust Advisors LLC Increases Stock Position in ProShares Ultra QQQ $QLD

Bryn Mawr Trust Advisors LLC grew its stake in shares of ProShares Ultra QQQ (NYSEARCA:QLD) by 99.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 86,700 shares of the company’s stock after buying an additional 43,215 shares during the period. Bryn Mawr Trust Advisors LLC’s holdings in ProShares Ultra QQQ were worth $6,105,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in QLD. Integrated Wealth Concepts LLC purchased a new stake in shares of ProShares Ultra QQQ during the 1st quarter valued at $557,000. Schnieders Capital Management LLC. purchased a new stake in shares of ProShares Ultra QQQ during the 2nd quarter valued at $271,000. JPMorgan Chase & Co. lifted its holdings in shares of ProShares Ultra QQQ by 41,735.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 11,714 shares of the company’s stock valued at $1,379,000 after acquiring an additional 11,686 shares in the last quarter. Ieq Capital LLC lifted its holdings in shares of ProShares Ultra QQQ by 24.3% during the 2nd quarter. Ieq Capital LLC now owns 19,338 shares of the company’s stock valued at $2,276,000 after acquiring an additional 3,776 shares in the last quarter. Finally, Quantinno Capital Management LP acquired a new position in shares of ProShares Ultra QQQ during the 2nd quarter valued at $263,000.

ProShares Ultra QQQ Trading Up 4.6%

NYSEARCA:QLD opened at $91.72 on Friday. The firm has a market capitalization of $13.59 billion, a price-to-earnings ratio of 31.03 and a beta of 2.43. The firm’s fifty day simple moving average is $69.63 and its 200 day simple moving average is $70.47. ProShares Ultra QQQ has a twelve month low of $46.22 and a twelve month high of $91.74.

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.