LPL Financial LLC Raises Holdings in ProShares Ultra QQQ (NYSEARCA:QLD)

LPL Financial LLC increased its position in shares of ProShares Ultra QQQ (NYSEARCA:QLD) by 254.8% in the 1st quarter, Holdings Channel reports. The firm owned 42,408 shares of the company’s stock after purchasing an additional 30,456 shares during the period. LPL Financial LLC’s holdings in ProShares Ultra QQQ were worth $3,769,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. SpringVest Wealth Management LLC purchased a new stake in shares of ProShares Ultra QQQ during the first quarter worth approximately $356,000. Efficient Advisors LLC purchased a new stake in shares of ProShares Ultra QQQ during the first quarter worth approximately $4,268,000. Lowery Thomas LLC grew its holdings in ProShares Ultra QQQ by 4.2% in the 1st quarter. Lowery Thomas LLC now owns 3,703 shares of the company’s stock valued at $329,000 after buying an additional 150 shares in the last quarter. IFP Advisors Inc grew its holdings in ProShares Ultra QQQ by 80.2% in the 1st quarter. IFP Advisors Inc now owns 899 shares of the company’s stock valued at $80,000 after buying an additional 400 shares in the last quarter. Finally, SteelPeak Wealth LLC grew its holdings in ProShares Ultra QQQ by 2.4% in the 1st quarter. SteelPeak Wealth LLC now owns 26,115 shares of the company’s stock valued at $2,322,000 after buying an additional 605 shares in the last quarter.

ProShares Ultra QQQ Stock Down 0.9%

Shares of NYSEARCA:QLD opened at $127.66 on Friday. The business has a fifty day moving average of $118.51 and a two-hundred day moving average of $104.82. The stock has a market cap of $9.37 billion, a P/E ratio of 31.03 and a beta of 2.27. ProShares Ultra QQQ has a 52-week low of $64.72 and a 52-week high of $130.42.

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.