Genesee Capital Advisors LLC Buys New Holdings in ProShares Ultra QQQ $QLD

Genesee Capital Advisors LLC purchased a new stake in shares of ProShares Ultra QQQ (NYSEARCA:QLD) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 23,972 shares of the company’s stock, valued at approximately $2,293,000. ProShares Ultra QQQ comprises about 0.7% of Genesee Capital Advisors LLC’s investment portfolio, making the stock its 29th biggest position.

Other hedge funds have also added to or reduced their stakes in the company. SteelPeak Wealth LLC increased its holdings in shares of ProShares Ultra QQQ by 6.2% in the third quarter. SteelPeak Wealth LLC now owns 52,049 shares of the company’s stock valued at $4,979,000 after purchasing an additional 3,029 shares during the last quarter. CRA Financial Services LLC lifted its stake in shares of ProShares Ultra QQQ by 9.3% during the 3rd quarter. CRA Financial Services LLC now owns 7,053 shares of the company’s stock worth $675,000 after buying an additional 600 shares during the last quarter. WealthBridge Capital Management LLC lifted its stake in shares of ProShares Ultra QQQ by 17.3% during the 3rd quarter. WealthBridge Capital Management LLC now owns 13,525 shares of the company’s stock worth $1,294,000 after buying an additional 1,997 shares during the last quarter. Legacy Wealth Partners LLC boosted its holdings in shares of ProShares Ultra QQQ by 727.2% during the 3rd quarter. Legacy Wealth Partners LLC now owns 51,512 shares of the company’s stock worth $4,927,000 after buying an additional 45,285 shares during the period. Finally, Retirement Planning Co of New England Inc. bought a new stake in shares of ProShares Ultra QQQ during the 3rd quarter worth about $246,000.

ProShares Ultra QQQ Stock Performance

NYSEARCA:QLD traded up $0.03 during mid-day trading on Tuesday, hitting $89.82. 2,253,425 shares of the stock were exchanged, compared to its average volume of 4,856,414. The stock has a market capitalization of $14.29 billion, a price-to-earnings ratio of 31.03 and a beta of 2.46. The firm’s 50-day simple moving average is $92.55 and its 200 day simple moving average is $88.83. ProShares Ultra QQQ has a fifty-two week low of $56.60 and a fifty-two week high of $101.62.

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.