Turner Capital Investments LLC bought a new stake in shares of ProShares Ultra QQQ (NYSEARCA:QLD – Free Report) during the 3rd quarter, HoldingsChannel.com reports. The firm bought 461,694 shares of the company’s stock, valued at approximately $44,161,000. ProShares Ultra QQQ comprises approximately 39.1% of Turner Capital Investments LLC’s portfolio, making the stock its largest holding.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in QLD. Bullseye Investment Management LLC acquired a new position in ProShares Ultra QQQ in the second quarter worth about $33,000. Portus Wealth Advisors LLC bought a new stake in shares of ProShares Ultra QQQ in the 1st quarter valued at approximately $26,000. Monetary Solutions Ltd bought a new stake in shares of ProShares Ultra QQQ in the 4th quarter valued at approximately $59,000. Physician Wealth Advisors Inc. acquired a new position in shares of ProShares Ultra QQQ in the 1st quarter worth approximately $66,000. Finally, Integrated Wealth Concepts LLC acquired a new position in shares of ProShares Ultra QQQ in the 2nd quarter worth approximately $186,000.
ProShares Ultra QQQ Price Performance
Shares of ProShares Ultra QQQ stock traded up $0.69 during midday trading on Friday, hitting $98.23. 1,796,001 shares of the company were exchanged, compared to its average volume of 4,867,699. The firm has a 50 day simple moving average of $92.01 and a 200-day simple moving average of $87.23. The firm has a market cap of $15.49 billion, a P/E ratio of 31.03 and a beta of 2.46. ProShares Ultra QQQ has a 52 week low of $56.60 and a 52 week high of $101.62.
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.
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Want to see what other hedge funds are holding QLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ProShares Ultra QQQ (NYSEARCA:QLD – Free Report).
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