Dale Q Rice Investment Management Ltd Buys 8,484 Shares of ProShares Ultra QQQ $QLD

Dale Q Rice Investment Management Ltd increased its stake in ProShares Ultra QQQ (NYSEARCA:QLD) by 3.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 247,938 shares of the company’s stock after purchasing an additional 8,484 shares during the period. ProShares Ultra QQQ accounts for 11.5% of Dale Q Rice Investment Management Ltd’s portfolio, making the stock its 3rd largest position. Dale Q Rice Investment Management Ltd’s holdings in ProShares Ultra QQQ were worth $15,124,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Howard Capital Management Inc. boosted its position in ProShares Ultra QQQ by 95.4% during the 4th quarter. Howard Capital Management Inc. now owns 12,277,706 shares of the company’s stock valued at $864,473,000 after purchasing an additional 5,993,035 shares during the period. Global View Capital Management LLC increased its position in ProShares Ultra QQQ by 116.2% in the fourth quarter. Global View Capital Management LLC now owns 1,802,525 shares of the company’s stock worth $126,916,000 after buying an additional 968,727 shares during the period. Main Street Group LTD increased its position in ProShares Ultra QQQ by 89.9% in the fourth quarter. Main Street Group LTD now owns 1,039,176 shares of the company’s stock worth $73,168,000 after buying an additional 491,865 shares during the period. Clearstead Trust LLC lifted its stake in ProShares Ultra QQQ by 0.3% in the first quarter. Clearstead Trust LLC now owns 733,841 shares of the company’s stock valued at $44,764,000 after buying an additional 2,302 shares during the last quarter. Finally, Focus Financial Network Inc. lifted its stake in ProShares Ultra QQQ by 100.1% in the fourth quarter. Focus Financial Network Inc. now owns 599,334 shares of the company’s stock valued at $42,199,000 after buying an additional 299,761 shares during the last quarter.

ProShares Ultra QQQ Stock Performance

Shares of QLD opened at $86.03 on Tuesday. ProShares Ultra QQQ has a 1 year low of $56.60 and a 1 year high of $101.19. The company has a market cap of $12.99 billion, a price-to-earnings ratio of 31.03 and a beta of 2.45. The firm has a fifty day moving average of $93.08 and a 200-day moving average of $78.41.

ProShares Ultra QQQ Company 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.