Latitude Advisors LLC Increases Stock Position in ProShares Ultra QQQ $QLD

Latitude Advisors LLC raised its holdings in ProShares Ultra QQQ (NYSEARCA:QLD) by 116.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,439 shares of the company’s stock after purchasing an additional 14,764 shares during the quarter. ProShares Ultra QQQ accounts for about 0.9% of Latitude Advisors LLC’s holdings, making the stock its 23rd biggest position. Latitude Advisors LLC’s holdings in ProShares Ultra QQQ were worth $1,932,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. Howard Capital Management Inc. boosted its holdings in ProShares Ultra QQQ by 95.4% in the 4th quarter. Howard Capital Management Inc. now owns 12,277,706 shares of the company’s stock valued at $864,473,000 after purchasing an additional 5,993,035 shares in the last quarter. Global View Capital Management LLC boosted its holdings in ProShares Ultra QQQ by 116.2% in the 4th quarter. Global View Capital Management LLC now owns 1,802,525 shares of the company’s stock valued at $126,916,000 after purchasing an additional 968,727 shares in the last quarter. Main Street Group LTD boosted its holdings in ProShares Ultra QQQ by 89.9% in the 4th quarter. Main Street Group LTD now owns 1,039,176 shares of the company’s stock valued at $73,168,000 after purchasing an additional 491,865 shares in the last quarter. Focus Financial Network Inc. boosted its holdings in ProShares Ultra QQQ by 100.1% in the 4th quarter. Focus Financial Network Inc. now owns 599,334 shares of the company’s stock valued at $42,199,000 after purchasing an additional 299,761 shares in the last quarter. Finally, Toth Financial Advisory Corp boosted its holdings in ProShares Ultra QQQ by 71.9% in the 4th quarter. Toth Financial Advisory Corp now owns 262,628 shares of the company’s stock valued at $18,492,000 after purchasing an additional 109,839 shares in the last quarter.

ProShares Ultra QQQ Trading Up 2.6%

Shares of QLD opened at $76.73 on Friday. ProShares Ultra QQQ has a twelve month low of $35.99 and a twelve month high of $77.03. The stock’s 50 day moving average is $66.57 and its two-hundred day moving average is $69.49. The firm has a market capitalization of $11.15 billion, a PE ratio of 31.03 and a beta of 2.37.

ProShares Ultra QQQ Cuts Dividend

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

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.