ProShares Ultra QQQ $QLD Shares Acquired by Latitude Advisors LLC

Latitude Advisors LLC grew its stake in ProShares Ultra QQQ (NYSEARCA:QLD) by 50.6% during the first quarter, Holdings Channel.com reports. The fund owned 41,336 shares of the company’s stock after acquiring an additional 13,897 shares during the period. ProShares Ultra QQQ accounts for about 1.2% of Latitude Advisors LLC’s investment portfolio, making the stock its 15th biggest position. Latitude Advisors LLC’s holdings in ProShares Ultra QQQ were worth $2,521,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Portus Wealth Advisors LLC acquired a new position in shares of ProShares Ultra QQQ in the 1st quarter worth approximately $26,000. Qube Research & Technologies Ltd acquired a new stake in ProShares Ultra QQQ in the 3rd quarter valued at approximately $71,000. Farmers & Merchants Investments Inc. raised its position in ProShares Ultra QQQ by 100.0% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 800 shares of the company’s stock valued at $56,000 after purchasing an additional 400 shares during the period. Monetary Solutions Ltd purchased a new stake in ProShares Ultra QQQ in the fourth quarter valued at approximately $59,000. Finally, Parallel Advisors LLC raised its position in ProShares Ultra QQQ by 100.2% in the fourth quarter. Parallel Advisors LLC now owns 923 shares of the company’s stock valued at $65,000 after purchasing an additional 462 shares during the period.

ProShares Ultra QQQ Price Performance

NYSEARCA:QLD opened at $90.61 on Friday. ProShares Ultra QQQ has a 52 week low of $56.60 and a 52 week high of $101.19. The stock’s fifty day moving average is $91.62 and its two-hundred day moving average is $76.87. The stock has a market capitalization of $13.68 billion, a price-to-earnings ratio of 31.03 and a beta of 2.45.

ProShares Ultra QQQ Company 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. The Index is calculated under a modified capitalization-weighted methodology.