ProShares Ultra QQQ $QLD Position Raised by PMV Capital Advisers LLC

PMV Capital Advisers LLC increased its position in ProShares Ultra QQQ (NYSEARCA:QLD) by 125.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 33,288 shares of the company’s stock after buying an additional 18,538 shares during the period. ProShares Ultra QQQ comprises approximately 4.3% of PMV Capital Advisers LLC’s investment portfolio, making the stock its 9th biggest holding. PMV Capital Advisers LLC’s holdings in ProShares Ultra QQQ were worth $2,344,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC purchased a new stake in ProShares Ultra QQQ during the 1st quarter valued at about $557,000. Schnieders Capital Management LLC. purchased a new position in shares of ProShares Ultra QQQ in the second quarter worth about $271,000. Wealthspire Advisors LLC acquired a new stake in shares of ProShares Ultra QQQ during the second quarter worth about $212,000. JPMorgan Chase & Co. lifted its holdings in shares of ProShares Ultra QQQ by 41,735.7% during the second quarter. JPMorgan Chase & Co. now owns 11,714 shares of the company’s stock worth $1,379,000 after purchasing an additional 11,686 shares during the period. Finally, Manchester Capital Management LLC purchased a new stake in ProShares Ultra QQQ in the second quarter valued at approximately $118,000.

ProShares Ultra QQQ Trading Down 3.7%

Shares of NYSEARCA:QLD opened at $62.13 on Monday. ProShares Ultra QQQ has a twelve month low of $32.36 and a twelve month high of $76.67. The company has a market cap of $9.24 billion, a PE ratio of 31.03 and a beta of 2.31. The company’s 50 day moving average is $68.91 and its 200 day moving average is $69.64.

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.