Independent Financial Group LLC Makes New Investment in ProShares Ultra QQQ $QLD

Independent Financial Group LLC purchased a new stake in ProShares Ultra QQQ (NYSEARCA:QLD) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 8,988 shares of the company’s stock, valued at approximately $548,000.

Several other institutional investors have also recently made changes to their positions in the stock. HBW Advisory Services LLC boosted its position in shares of ProShares Ultra QQQ by 23.9% during the 1st quarter. HBW Advisory Services LLC now owns 12,173 shares of the company’s stock worth $743,000 after purchasing an additional 2,346 shares in the last quarter. Procyon Advisors LLC bought a new stake in ProShares Ultra QQQ in the 1st quarter valued at about $824,000. AlpenGlobal Capital LLC acquired a new position in ProShares Ultra QQQ during the 1st quarter worth approximately $1,277,000. Koshinski Asset Management Inc. raised its stake in ProShares Ultra QQQ by 1.8% during the 1st quarter. Koshinski Asset Management Inc. now owns 10,431 shares of the company’s stock worth $636,000 after buying an additional 180 shares during the period. Finally, Latitude Advisors LLC raised its stake in ProShares Ultra QQQ by 50.6% during the 1st quarter. Latitude Advisors LLC now owns 41,336 shares of the company’s stock worth $2,521,000 after buying an additional 13,897 shares during the period.

ProShares Ultra QQQ Stock Performance

Shares of NYSEARCA:QLD opened at $88.28 on Thursday. ProShares Ultra QQQ has a 52-week low of $56.60 and a 52-week high of $101.19. The business’s 50 day simple moving average is $92.97 and its two-hundred day simple moving average is $78.67. The firm has a market cap of $13.33 billion, a P/E ratio of 31.03 and a beta of 2.45.

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. The Index is calculated under a modified capitalization-weighted methodology.