13,500 Shares in ProShares Ultra QQQ $QLD Acquired by Procyon Advisors LLC

Procyon Advisors LLC acquired a new position in shares of ProShares Ultra QQQ (NYSEARCA:QLD) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 13,500 shares of the company’s stock, valued at approximately $824,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in QLD. Portus Wealth Advisors LLC acquired a new stake in ProShares Ultra QQQ in the first quarter valued at approximately $26,000. Farmers & Merchants Investments Inc. increased its holdings in shares of ProShares Ultra QQQ by 100.0% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 800 shares of the company’s stock worth $56,000 after buying an additional 400 shares in the last quarter. Monetary Solutions Ltd acquired a new position in shares of ProShares Ultra QQQ during the fourth quarter worth $59,000. Parallel Advisors LLC lifted its stake in shares of ProShares Ultra QQQ by 100.2% in the 4th quarter. Parallel Advisors LLC now owns 923 shares of the company’s stock valued at $65,000 after acquiring an additional 462 shares during the last quarter. Finally, Physician Wealth Advisors Inc. bought a new position in shares of ProShares Ultra QQQ in the 1st quarter valued at $66,000.

ProShares Ultra QQQ Stock Up 2.2%

NYSEARCA QLD opened at $92.13 on Wednesday. ProShares Ultra QQQ has a twelve month low of $56.60 and a twelve month high of $101.19. The company has a market cap of $13.91 billion, a price-to-earnings ratio of 31.03 and a beta of 2.45. The business’s fifty day moving average is $93.23 and its 200 day moving average is $77.97.

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.