Milestone Asset Management LLC Invests $218,000 in ProShares Ultra QQQ $QLD

Milestone Asset Management LLC purchased a new position in shares of ProShares Ultra QQQ (NYSEARCA:QLD) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,852 shares of the company’s stock, valued at approximately $218,000.

Other institutional investors have also modified their holdings of the company. IFP Advisors Inc raised its holdings in shares of ProShares Ultra QQQ by 80.2% during the 1st quarter. IFP Advisors Inc now owns 899 shares of the company’s stock worth $80,000 after acquiring an additional 400 shares during the period. MassMutual Private Wealth & Trust FSB increased its stake in ProShares Ultra QQQ by 38.1% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 949 shares of the company’s stock worth $112,000 after acquiring an additional 262 shares during the last quarter. Spire Wealth Management increased its stake in ProShares Ultra QQQ by 42.0% during the second quarter. Spire Wealth Management now owns 1,624 shares of the company’s stock worth $191,000 after acquiring an additional 480 shares during the last quarter. Oliver Lagore Vanvalin Investment Group acquired a new stake in ProShares Ultra QQQ during the second quarter worth $205,000. Finally, Zullo Investment Group Inc. acquired a new stake in ProShares Ultra QQQ during the second quarter worth $212,000.

ProShares Ultra QQQ Trading Down 4.1%

Shares of QLD opened at $144.64 on Wednesday. The firm has a market cap of $10.67 billion, a P/E ratio of 31.03 and a beta of 2.31. ProShares Ultra QQQ has a 12-month low of $64.72 and a 12-month high of $153.33. The company’s 50-day moving average price is $136.41 and its 200 day moving average price is $119.93.

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.