Clay Northam Wealth Management LLC acquired a new stake in ProShares Ultra QQQ (NYSEARCA:QLD – Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,560 shares of the company’s stock, valued at approximately $277,000.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Financial Life Planners purchased a new stake in ProShares Ultra QQQ in the fourth quarter valued at approximately $51,000. Tradition Wealth Management LLC bought a new position in shares of ProShares Ultra QQQ in the third quarter valued at approximately $207,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in shares of ProShares Ultra QQQ in the 4th quarter worth approximately $214,000. Safe Harbor Fiduciary LLC acquired a new position in ProShares Ultra QQQ in the third quarter valued at about $233,000. Finally, Klingman & Associates LLC acquired a new position in shares of ProShares Ultra QQQ during the third quarter valued at $253,000.
ProShares Ultra QQQ Stock Down 1.6 %
Shares of QLD stock opened at $110.23 on Tuesday. The company’s fifty day simple moving average is $111.80 and its 200-day simple moving average is $102.81. The firm has a market cap of $7.54 billion, a PE ratio of 25.00 and a beta of 2.55. ProShares Ultra QQQ has a 12 month low of $75.28 and a 12 month high of $120.68.
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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