Avidian Wealth Solutions LLC Acquires Shares of 10,000 ProShares Ultra QQQ (NYSEARCA:QLD)

Avidian Wealth Solutions LLC acquired a new stake in ProShares Ultra QQQ (NYSEARCA:QLD) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 10,000 shares of the company’s stock, valued at approximately $760,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. CRA Financial Services LLC acquired a new position in shares of ProShares Ultra QQQ in the fourth quarter valued at $214,000. AlphaMark Advisors LLC boosted its position in shares of ProShares Ultra QQQ by 91.0% in the third quarter. AlphaMark Advisors LLC now owns 489 shares of the company’s stock valued at $29,000 after acquiring an additional 233 shares during the period. Pathstone Family Office LLC bought a new stake in shares of ProShares Ultra QQQ in the third quarter valued at about $17,182,000. Citigroup Inc. boosted its position in shares of ProShares Ultra QQQ by 20.0% in the third quarter. Citigroup Inc. now owns 2,280 shares of the company’s stock valued at $135,000 after acquiring an additional 380 shares during the period. Finally, Grandview Asset Management LLC bought a new stake in shares of ProShares Ultra QQQ in the fourth quarter valued at about $243,000.

ProShares Ultra QQQ Stock Up 4.0 %

Shares of ProShares Ultra QQQ stock traded up $3.20 during trading on Friday, reaching $83.32. The company’s stock had a trading volume of 2,918,899 shares, compared to its average volume of 3,771,517. The business’s 50-day moving average price is $84.53 and its 200-day moving average price is $76.87. The firm has a market cap of $5.70 billion, a PE ratio of 25.00 and a beta of 2.55. ProShares Ultra QQQ has a 52 week low of $47.41 and a 52 week high of $89.74.

About ProShares Ultra QQQ

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.