Cape Investment Advisory Inc. acquired a new stake in ProShares Ultra QQQ (NYSEARCA:QLD – Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 496 shares of the company’s stock, valued at approximately $54,000.
Other large investors have also recently added to or reduced their stakes in the company. Compass Planning Associates Inc acquired a new position in ProShares Ultra QQQ in the 4th quarter valued at approximately $40,000. Financial Life Planners acquired a new position in shares of ProShares Ultra QQQ during the 4th quarter worth $51,000. IFP Advisors Inc increased its stake in shares of ProShares Ultra QQQ by 226.1% during the 4th quarter. IFP Advisors Inc now owns 499 shares of the company’s stock worth $54,000 after purchasing an additional 346 shares during the last quarter. Tradition Wealth Management LLC acquired a new position in shares of ProShares Ultra QQQ during the 3rd quarter worth $207,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in shares of ProShares Ultra QQQ during the 4th quarter worth $214,000.
ProShares Ultra QQQ Stock Up 3.1 %
Shares of QLD opened at $105.29 on Monday. The company’s fifty day moving average is $112.18 and its 200-day moving average is $105.96. ProShares Ultra QQQ has a 12 month low of $75.28 and a 12 month high of $120.68. The firm has a market cap of $7.44 billion, a price-to-earnings ratio of 33.52 and a beta of 2.23.
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.
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