Dale Q Rice Investment Management Ltd purchased a new stake in shares of ProShares Ultra QQQ (NYSEARCA:QLD – Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 226,668 shares of the company’s stock, valued at approximately $24,535,000. ProShares Ultra QQQ comprises approximately 10.8% of Dale Q Rice Investment Management Ltd’s portfolio, making the stock its 3rd biggest position. Dale Q Rice Investment Management Ltd owned about 0.33% of ProShares Ultra QQQ at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of QLD. Commonwealth Equity Services LLC purchased a new position in ProShares Ultra QQQ in the second quarter worth $217,000. Thoroughbred Financial Services LLC purchased a new position in shares of ProShares Ultra QQQ in the 2nd quarter worth about $312,000. Edgestream Partners L.P. purchased a new position in shares of ProShares Ultra QQQ in the 2nd quarter worth about $476,000. Clearstead Trust LLC increased its position in shares of ProShares Ultra QQQ by 1.7% during the 2nd quarter. Clearstead Trust LLC now owns 370,857 shares of the company’s stock valued at $37,015,000 after purchasing an additional 6,105 shares during the last quarter. Finally, Client First Investment Management LLC purchased a new position in shares of ProShares Ultra QQQ during the 2nd quarter valued at about $4,888,000.
ProShares Ultra QQQ Price Performance
NYSEARCA:QLD opened at $105.57 on Tuesday. ProShares Ultra QQQ has a 1-year low of $73.29 and a 1-year high of $120.68. The business has a 50 day moving average of $110.47 and a 200 day moving average of $102.13. The company has a market capitalization of $7.22 billion, a price-to-earnings ratio of 25.00 and a beta of 2.55.
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.
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