Dale Q Rice Investment Management Ltd Grows Stock Position in ProShares Ultra QQQ $QLD

Dale Q Rice Investment Management Ltd lifted its position in ProShares Ultra QQQ (NYSEARCA:QLD) by 3.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 247,938 shares of the company’s stock after acquiring an additional 8,484 shares during the quarter. ProShares Ultra QQQ accounts for approximately 11.5% of Dale Q Rice Investment Management Ltd’s holdings, making the stock its 3rd largest position. Dale Q Rice Investment Management Ltd owned 0.17% of ProShares Ultra QQQ worth $15,124,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Portus Wealth Advisors LLC bought a new position in ProShares Ultra QQQ during the first quarter worth $26,000. Farmers & Merchants Investments Inc. increased its stake in ProShares Ultra QQQ by 100.0% during 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 last quarter. Monetary Solutions Ltd acquired a new stake in shares of ProShares Ultra QQQ during the fourth quarter worth $59,000. Parallel Advisors LLC raised its holdings in shares of ProShares Ultra QQQ by 100.2% during the fourth quarter. Parallel Advisors LLC now owns 923 shares of the company’s stock worth $65,000 after purchasing an additional 462 shares during the period. Finally, Physician Wealth Advisors Inc. acquired a new stake in shares of ProShares Ultra QQQ during the first quarter worth $66,000.

ProShares Ultra QQQ Stock Performance

ProShares Ultra QQQ stock opened at $86.03 on Tuesday. ProShares Ultra QQQ has a 1 year low of $56.60 and a 1 year high of $101.19. The firm’s 50-day moving average is $93.08 and its 200-day moving average is $78.41. The company has a market cap of $12.99 billion, a P/E 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.