Richmond Brothers Inc. Increases Holdings in ProShares Ultra QQQ $QLD

Richmond Brothers Inc. increased its holdings in shares of ProShares Ultra QQQ (NYSEARCA:QLD) by 394.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 29,152 shares of the company’s stock after purchasing an additional 23,261 shares during the period. ProShares Ultra QQQ accounts for about 1.3% of Richmond Brothers Inc.’s holdings, making the stock its 22nd biggest holding. Richmond Brothers Inc.’s holdings in ProShares Ultra QQQ were worth $2,053,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Donaldson Capital Management LLC boosted its position in ProShares Ultra QQQ by 100.0% during the 4th quarter. Donaldson Capital Management LLC now owns 28,000 shares of the company’s stock worth $1,971,000 after purchasing an additional 14,000 shares during the period. PMV Capital Advisers LLC boosted its position in ProShares Ultra QQQ by 125.7% during the 4th quarter. PMV Capital Advisers LLC now owns 33,288 shares of the company’s stock worth $2,344,000 after purchasing an additional 18,538 shares during the period. Sowell Financial Services LLC boosted its position in ProShares Ultra QQQ by 96.4% during the 4th quarter. Sowell Financial Services LLC now owns 46,863 shares of the company’s stock worth $3,300,000 after purchasing an additional 23,002 shares during the period. GenWealth Group Inc. boosted its position in ProShares Ultra QQQ by 99.0% during the 4th quarter. GenWealth Group Inc. now owns 135,127 shares of the company’s stock worth $9,791,000 after purchasing an additional 67,207 shares during the period. Finally, CPR Investments Inc. boosted its position in ProShares Ultra QQQ by 277.3% during the 4th quarter. CPR Investments Inc. now owns 12,673 shares of the company’s stock worth $926,000 after purchasing an additional 9,314 shares during the period.

ProShares Ultra QQQ Trading Up 6.6%

Shares of ProShares Ultra QQQ stock opened at $92.18 on Friday. The company has a fifty day moving average price of $83.86 and a 200 day moving average price of $74.41. ProShares Ultra QQQ has a twelve month low of $53.16 and a twelve month high of $101.19. The stock has a market cap of $13.66 billion, a price-to-earnings ratio of 31.03 and a beta of 2.46.

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.