ProShares Ultra QQQ $QLD Shares Acquired by Donaldson Capital Management LLC

Donaldson Capital Management LLC grew its stake in ProShares Ultra QQQ (NYSEARCA:QLD) by 100.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 28,000 shares of the company’s stock after acquiring an additional 14,000 shares during the quarter. Donaldson Capital Management LLC’s holdings in ProShares Ultra QQQ were worth $1,971,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Norden Group LLC lifted its position in ProShares Ultra QQQ by 2.5% during the third quarter. Norden Group LLC now owns 3,080 shares of the company’s stock worth $423,000 after buying an additional 74 shares in the last quarter. Financial Engines Advisors L.L.C. grew its holdings in ProShares Ultra QQQ by 0.7% in the 3rd quarter. Financial Engines Advisors L.L.C. now owns 16,513 shares of the company’s stock valued at $2,266,000 after buying an additional 122 shares in the last quarter. Sowell Financial Services LLC grew its holdings in ProShares Ultra QQQ by 0.7% in the 3rd quarter. Sowell Financial Services LLC now owns 23,861 shares of the company’s stock valued at $3,274,000 after buying an additional 159 shares in the last quarter. Capital Advisory Group Advisory Services LLC increased its stake in shares of ProShares Ultra QQQ by 2.6% in the 3rd quarter. Capital Advisory Group Advisory Services LLC now owns 7,285 shares of the company’s stock worth $1,000,000 after acquiring an additional 185 shares during the last quarter. Finally, Beacon Capital Management Inc. acquired a new stake in shares of ProShares Ultra QQQ in the 2nd quarter worth $27,000.

ProShares Ultra QQQ Price Performance

NYSEARCA QLD opened at $58.05 on Monday. The business’s fifty day simple moving average is $67.85 and its 200-day simple moving average is $69.56. The firm has a market cap of $8.64 billion, a PE ratio of 31.03 and a beta of 2.31. ProShares Ultra QQQ has a 52 week low of $32.36 and a 52 week high of $76.67.

ProShares Ultra QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 25th will be paid a dividend of $0.0132 per share. The ex-dividend date of this dividend is Wednesday, March 25th. This represents a $0.05 dividend on an annualized basis and a yield of 0.1%.

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.