Client First Investment Management LLC Makes New $2.30 Million Investment in ProShares Ultra QQQ $QLD

Client First Investment Management LLC acquired a new stake in ProShares Ultra QQQ (NYSEARCA:QLD) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 23,771 shares of the company’s stock, valued at approximately $2,300,000. ProShares Ultra QQQ comprises 1.0% of Client First Investment Management LLC’s holdings, making the stock its 17th biggest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Financial Engines Advisors L.L.C. grew its position in shares of ProShares Ultra QQQ by 0.7% during the third quarter. Financial Engines Advisors L.L.C. now owns 16,513 shares of the company’s stock worth $2,266,000 after acquiring an additional 122 shares during the last quarter. Koshinski Asset Management Inc. increased its holdings in shares of ProShares Ultra QQQ by 1.8% in the 1st quarter. Koshinski Asset Management Inc. now owns 10,431 shares of the company’s stock valued at $636,000 after acquiring an additional 180 shares during the period. Brookstone Capital Management raised its position in ProShares Ultra QQQ by 2.7% in the 1st quarter. Brookstone Capital Management now owns 11,774 shares of the company’s stock valued at $718,000 after purchasing an additional 308 shares during the last quarter. Creative Planning raised its position in ProShares Ultra QQQ by 1.1% in the 3rd quarter. Creative Planning now owns 33,298 shares of the company’s stock valued at $4,568,000 after purchasing an additional 364 shares during the last quarter. Finally, Orion Porfolio Solutions LLC raised its position in ProShares Ultra QQQ by 3.6% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 10,863 shares of the company’s stock valued at $1,490,000 after purchasing an additional 375 shares during the last quarter.

ProShares Ultra QQQ Price Performance

Shares of NYSEARCA:QLD opened at $92.21 on Friday. ProShares Ultra QQQ has a 1-year low of $56.60 and a 1-year high of $101.19. The stock has a market cap of $14.06 billion, a P/E ratio of 31.03 and a beta of 2.46. The firm has a fifty day moving average price of $91.04 and a 200 day moving average price of $79.76.

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. The Index is calculated under a modified capitalization-weighted methodology.