United Advisor Group LLC Takes $814,000 Position in ProShares Ultra QQQ $QLD

United Advisor Group LLC acquired a new stake in shares of ProShares Ultra QQQ (NYSEARCA:QLD) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 11,562 shares of the company’s stock, valued at approximately $814,000.

Other hedge funds have also recently made changes to their positions in the company. Donaldson Capital Management LLC grew its holdings in shares of ProShares Ultra QQQ by 100.0% during the fourth quarter. Donaldson Capital Management LLC now owns 28,000 shares of the company’s stock valued at $1,971,000 after buying an additional 14,000 shares during the last quarter. CPR Investments Inc. grew its holdings in shares of ProShares Ultra QQQ by 277.3% during the fourth quarter. CPR Investments Inc. now owns 12,673 shares of the company’s stock valued at $926,000 after buying an additional 9,314 shares during the last quarter. Main Street Group LTD grew its holdings in shares of ProShares Ultra QQQ by 2.3% during the third quarter. Main Street Group LTD now owns 547,311 shares of the company’s stock valued at $75,091,000 after buying an additional 12,223 shares during the last quarter. Marshall Financial Group LLC grew its holdings in shares of ProShares Ultra QQQ by 55.7% during the fourth quarter. Marshall Financial Group LLC now owns 72,265 shares of the company’s stock valued at $5,088,000 after buying an additional 25,853 shares during the last quarter. Finally, GenWealth Group Inc. grew its holdings in shares of ProShares Ultra QQQ by 99.0% during the fourth quarter. GenWealth Group Inc. now owns 135,127 shares of the company’s stock valued at $9,791,000 after buying an additional 67,207 shares during the last quarter.

ProShares Ultra QQQ Price Performance

Shares of NYSEARCA QLD opened at $74.80 on Friday. The stock has a market capitalization of $10.87 billion, a P/E ratio of 31.03 and a beta of 2.37. The company has a 50-day moving average price of $66.41 and a 200-day moving average price of $69.43. ProShares Ultra QQQ has a 1 year low of $35.99 and a 1 year high of $76.67.

ProShares Ultra QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 25th were issued a dividend of $0.0132 per share. This represents a $0.05 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Wednesday, March 25th.

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.