Turner Capital Investments LLC Buys 461,694 Shares of ProShares Ultra QQQ $QLD

Turner Capital Investments LLC purchased a new stake in ProShares Ultra QQQ (NYSEARCA:QLD) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 461,694 shares of the company’s stock, valued at approximately $44,161,000. ProShares Ultra QQQ accounts for about 39.1% of Turner Capital Investments LLC’s investment portfolio, making the stock its largest position. Turner Capital Investments LLC owned approximately 0.29% of ProShares Ultra QQQ as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Clearstead Trust LLC raised its position in shares of ProShares Ultra QQQ by 0.3% during the first quarter. Clearstead Trust LLC now owns 733,841 shares of the company’s stock valued at $44,764,000 after buying an additional 2,302 shares during the last quarter. Toth Financial Advisory Corp acquired a new stake in ProShares Ultra QQQ during the third quarter worth about $22,280,000. Dale Q Rice Investment Management Ltd increased its stake in ProShares Ultra QQQ by 3.5% during the first quarter. Dale Q Rice Investment Management Ltd now owns 247,938 shares of the company’s stock valued at $15,124,000 after acquiring an additional 8,484 shares during the period. Discipline Wealth Solutions LLC increased its stake in ProShares Ultra QQQ by 316.3% during the first quarter. Discipline Wealth Solutions LLC now owns 122,373 shares of the company’s stock valued at $7,465,000 after acquiring an additional 92,975 shares during the period. Finally, Connective Capital Management LLC raised its holdings in ProShares Ultra QQQ by 100.0% in the 4th quarter. Connective Capital Management LLC now owns 105,918 shares of the company’s stock valued at $7,458,000 after acquiring an additional 52,959 shares in the last quarter.

ProShares Ultra QQQ Stock Up 0.7%

Shares of QLD stock traded up $0.69 during mid-day trading on Friday, reaching $98.23. The stock had a trading volume of 1,796,001 shares, compared to its average volume of 4,867,699. The firm’s 50 day simple moving average is $92.01 and its 200 day simple moving average is $87.23. ProShares Ultra QQQ has a one year low of $56.60 and a one year high of $101.62. The firm has a market cap of $15.49 billion, a PE ratio of 31.03 and a beta of 2.46.

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.