Discipline Wealth Solutions LLC boosted its holdings in ProShares Ultra QQQ (NYSEARCA:QLD – Free Report) by 316.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 122,373 shares of the company’s stock after acquiring an additional 92,975 shares during the quarter. Discipline Wealth Solutions LLC owned about 0.08% of ProShares Ultra QQQ worth $7,465,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of QLD. Howard Capital Management Inc. lifted its stake in ProShares Ultra QQQ by 95.4% during the fourth quarter. Howard Capital Management Inc. now owns 12,277,706 shares of the company’s stock valued at $864,473,000 after buying an additional 5,993,035 shares in the last quarter. Global View Capital Management LLC lifted its holdings 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 valued at $126,916,000 after buying an additional 968,727 shares during the last quarter. Main Street Group LTD lifted its stake in ProShares Ultra QQQ by 89.9% in the fourth quarter. Main Street Group LTD now owns 1,039,176 shares of the company’s stock valued at $73,168,000 after acquiring an additional 491,865 shares during the last quarter. Clearstead Trust LLC lifted its stake in shares of 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 purchasing an additional 370,086 shares during the last quarter. Finally, Focus Financial Network Inc. lifted its position in shares of ProShares Ultra QQQ by 100.1% in the fourth quarter. Focus Financial Network Inc. now owns 599,334 shares of the company’s stock worth $42,199,000 after buying an additional 299,761 shares during the last quarter.
ProShares Ultra QQQ Stock Down 0.2%
Shares of ProShares Ultra QQQ stock opened at $97.68 on Tuesday. The stock has a 50 day moving average price of $88.37 and a two-hundred day moving average price of $75.68. The stock has a market capitalization of $14.47 billion, a P/E ratio of 31.03 and a beta of 2.46. ProShares Ultra QQQ has a 12-month low of $53.16 and a 12-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.
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