AlpenGlobal Capital LLC Buys Shares of 20,941 ProShares Ultra QQQ $QLD

AlpenGlobal Capital LLC purchased a new position in shares of ProShares Ultra QQQ (NYSEARCA:QLD) in the 1st quarter, Holdings Channel reports. The firm purchased 20,941 shares of the company’s stock, valued at approximately $1,277,000.

A number of other institutional investors also recently made changes to their positions in the stock. Portus Wealth Advisors LLC purchased a new stake in shares of ProShares Ultra QQQ in the first quarter valued at $26,000. Qube Research & Technologies Ltd acquired a new stake in shares of ProShares Ultra QQQ during the third quarter valued at $71,000. Farmers & Merchants Investments Inc. increased its position in ProShares Ultra QQQ by 100.0% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 800 shares of the company’s stock worth $56,000 after purchasing an additional 400 shares in the last quarter. Monetary Solutions Ltd purchased a new stake in ProShares Ultra QQQ during the 4th quarter worth about $59,000. Finally, Parallel Advisors LLC increased its position in ProShares Ultra QQQ by 100.2% during the 4th quarter. Parallel Advisors LLC now owns 923 shares of the company’s stock worth $65,000 after purchasing an additional 462 shares in the last quarter.

ProShares Ultra QQQ Trading Up 0.6%

Shares of QLD stock opened at $93.70 on Friday. The company has a market capitalization of $14.11 billion, a price-to-earnings ratio of 31.03 and a beta of 2.45. The firm has a 50-day moving average price of $92.89 and a 200 day moving average price of $77.66. ProShares Ultra QQQ has a twelve month low of $56.60 and a twelve month high of $101.19.

About ProShares Ultra QQQ

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.