Independent Advisor Alliance purchased a new position in shares of ProShares Ultra QQQ (NYSEARCA:QLD – Free Report) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 2,475 shares of the company’s stock, valued at approximately $268,000.
Several other hedge funds have also recently made changes to their positions in the business. Dale Q Rice Investment Management Ltd bought a new stake in shares of ProShares Ultra QQQ during the 4th quarter valued at about $24,535,000. Aveo Capital Partners LLC increased its holdings in ProShares Ultra QQQ by 5,229.3% in the fourth quarter. Aveo Capital Partners LLC now owns 143,197 shares of the company’s stock worth $15,500,000 after purchasing an additional 140,510 shares in the last quarter. Ridgepath Capital Management LLC acquired a new position in ProShares Ultra QQQ in the fourth quarter valued at approximately $10,787,000. GenTrust LLC bought a new position in shares of ProShares Ultra QQQ during the 3rd quarter worth approximately $2,569,000. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of ProShares Ultra QQQ during the 4th quarter worth approximately $2,533,000.
ProShares Ultra QQQ Stock Up 2.5 %
ProShares Ultra QQQ stock opened at $93.52 on Thursday. The company has a market capitalization of $6.05 billion, a PE ratio of 28.84 and a beta of 2.28. ProShares Ultra QQQ has a 12-month low of $75.28 and a 12-month high of $120.68. The firm’s fifty day moving average is $107.75 and its 200 day moving average is $105.72.
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.
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Want to see what other hedge funds are holding QLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ProShares Ultra QQQ (NYSEARCA:QLD – Free Report).
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