Foundations Investment Advisors LLC Purchases 7,957 Shares of ProShares Ultra QQQ $QLD

Foundations Investment Advisors LLC lifted its position in ProShares Ultra QQQ (NYSEARCA:QLD) by 95.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,296 shares of the company’s stock after buying an additional 7,957 shares during the period. Foundations Investment Advisors LLC’s holdings in ProShares Ultra QQQ were worth $1,147,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Donaldson Capital Management LLC increased its position in shares of ProShares Ultra QQQ by 100.0% in the 4th quarter. Donaldson Capital Management LLC now owns 28,000 shares of the company’s stock valued at $1,971,000 after buying an additional 14,000 shares in the last quarter. PMV Capital Advisers LLC increased its position in shares of ProShares Ultra QQQ by 125.7% in the 4th quarter. PMV Capital Advisers LLC now owns 33,288 shares of the company’s stock valued at $2,344,000 after buying an additional 18,538 shares in the last quarter. CPR Investments Inc. increased its position in shares of ProShares Ultra QQQ by 277.3% in the 4th quarter. CPR Investments Inc. now owns 12,673 shares of the company’s stock valued at $926,000 after buying an additional 9,314 shares in the last quarter. Sowell Financial Services LLC increased its position in shares of ProShares Ultra QQQ by 96.4% in the 4th quarter. Sowell Financial Services LLC now owns 46,863 shares of the company’s stock valued at $3,300,000 after buying an additional 23,002 shares in the last quarter. Finally, GenWealth Group Inc. increased its position in shares of ProShares Ultra QQQ by 99.0% in the 4th quarter. GenWealth Group Inc. now owns 135,127 shares of the company’s stock valued at $9,791,000 after buying an additional 67,207 shares in the last quarter.

ProShares Ultra QQQ Price Performance

QLD opened at $98.46 on Monday. ProShares Ultra QQQ has a 12 month low of $50.91 and a 12 month high of $99.35. The company has a fifty day simple moving average of $77.92 and a 200 day simple moving average of $72.78. The stock has a market cap of $14.59 billion, a P/E ratio of 31.03 and a beta of 2.43.

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.