Freedom Investment Management Inc. Acquires New Holdings in ProShares Ultra QQQ (NYSEARCA:QLD)

Freedom Investment Management Inc. bought a new position in shares of ProShares Ultra QQQ (NYSEARCA:QLD) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 18,981 shares of the company’s stock, valued at approximately $1,911,000.

Several other hedge funds and other institutional investors have also bought and sold shares of QLD. Commonwealth Equity Services LLC purchased a new stake in shares of ProShares Ultra QQQ during the 2nd quarter worth $217,000. Client First Investment Management LLC bought a new position in ProShares Ultra QQQ in the second quarter worth about $4,888,000. Sanctuary Advisors LLC purchased a new stake in shares of ProShares Ultra QQQ during the second quarter valued at about $572,000. Farther Finance Advisors LLC bought a new stake in shares of ProShares Ultra QQQ in the 2nd quarter valued at about $498,000. Finally, Oliver Lagore Vanvalin Investment Group grew its position in shares of ProShares Ultra QQQ by 36.5% in the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 1,144 shares of the company’s stock worth $114,000 after buying an additional 306 shares during the last quarter.

ProShares Ultra QQQ Stock Up 1.0 %

NYSEARCA:QLD opened at $108.17 on Wednesday. The stock has a market capitalization of $7.40 billion, a price-to-earnings ratio of 25.00 and a beta of 2.55. ProShares Ultra QQQ has a 52 week low of $66.49 and a 52 week high of $111.20. The firm has a 50 day moving average of $102.82 and a 200 day moving average of $97.89.

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.