AmeriServ Wealth Advisors Acquires 6,517 Shares of ProShares Ultra QQQ $QLD

AmeriServ Wealth Advisors grew its holdings in ProShares Ultra QQQ (NYSEARCA:QLD) by 86.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,075 shares of the company’s stock after buying an additional 6,517 shares during the quarter. ProShares Ultra QQQ accounts for approximately 0.6% of AmeriServ Wealth Advisors’ holdings, making the stock its 22nd biggest holding. AmeriServ Wealth Advisors’ holdings in ProShares Ultra QQQ were worth $991,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the business. Howard Capital Management Inc. grew its stake in shares of ProShares Ultra QQQ by 95.4% in the 4th quarter. Howard Capital Management Inc. now owns 12,277,706 shares of the company’s stock valued at $864,473,000 after purchasing an additional 5,993,035 shares during the period. Global View Capital Management LLC lifted its position in shares of ProShares Ultra QQQ by 116.2% during the 4th quarter. Global View Capital Management LLC now owns 1,802,525 shares of the company’s stock worth $126,916,000 after buying an additional 968,727 shares during the period. Main Street Group LTD boosted its stake in ProShares Ultra QQQ by 89.9% in the 4th quarter. Main Street Group LTD now owns 1,039,176 shares of the company’s stock valued at $73,168,000 after buying an additional 491,865 shares in the last quarter. Clearstead Trust LLC boosted its stake in ProShares Ultra QQQ by 102.4% in the 4th quarter. Clearstead Trust LLC now owns 731,539 shares of the company’s stock valued at $51,508,000 after buying an additional 370,086 shares in the last quarter. Finally, Focus Financial Network Inc. grew its position in ProShares Ultra QQQ by 100.1% in the fourth quarter. Focus Financial Network Inc. now owns 599,334 shares of the company’s stock valued at $42,199,000 after acquiring an additional 299,761 shares during the period.

ProShares Ultra QQQ Price Performance

ProShares Ultra QQQ stock opened at $100.53 on Wednesday. The firm has a market capitalization of $14.89 billion, a P/E ratio of 31.03 and a beta of 2.43. The stock has a fifty day moving average price of $78.62 and a two-hundred day moving average price of $72.97. ProShares Ultra QQQ has a 52-week low of $53.03 and a 52-week high of $100.60.

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.