ProShares Ultra QQQ $QLD Shares Newly Acquired by Sowell Financial Services LLC

Sowell Financial Services LLC acquired a new stake in ProShares Ultra QQQ (NYSEARCA:QLD) in the third quarter, HoldingsChannel reports. The firm acquired 37,164 shares of the company’s stock, valued at approximately $3,555,000.

Other institutional investors have also modified their holdings of the company. Clearstead Trust LLC lifted its stake 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 period. Turner Capital Investments LLC purchased a new stake in ProShares Ultra QQQ in the 3rd quarter worth approximately $44,161,000. Dale Q Rice Investment Management Ltd grew its stake in ProShares Ultra QQQ by 0.3% in the 3rd quarter. Dale Q Rice Investment Management Ltd now owns 258,195 shares of the company’s stock worth $24,696,000 after acquiring an additional 682 shares during the period. Toth Financial Advisory Corp purchased a new stake in ProShares Ultra QQQ in the 3rd quarter worth approximately $22,280,000. Finally, Woodward Diversified Capital LLC raised its holdings in ProShares Ultra QQQ by 29.5% in the 3rd quarter. Woodward Diversified Capital LLC now owns 66,354 shares of the company’s stock valued at $6,347,000 after acquiring an additional 15,124 shares during the last quarter.

ProShares Ultra QQQ Stock Down 6.9%

Shares of NYSEARCA:QLD opened at $82.59 on Friday. The company has a market cap of $13.38 billion, a P/E ratio of 31.03 and a beta of 2.46. ProShares Ultra QQQ has a 52 week low of $56.60 and a 52 week high of $101.62. The business has a fifty day simple moving average of $91.91 and a 200-day simple moving average of $83.17.

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.