HighTower Advisors LLC grew its stake in ProShares Ultra QQQ (NYSEARCA:QLD – Free Report) by 121.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 136,905 shares of the company’s stock after purchasing an additional 75,185 shares during the quarter. HighTower Advisors LLC’s holdings in ProShares Ultra QQQ were worth $9,639,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in the stock. Howard Capital Management Inc. grew its stake 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 worth $864,473,000 after acquiring an additional 5,993,035 shares in the last quarter. Global View Capital Management LLC boosted its stake in shares of ProShares Ultra QQQ by 116.2% during the fourth 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 stake in shares of ProShares Ultra QQQ by 89.9% during the fourth 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 stake in shares of ProShares Ultra QQQ by 100.1% during the fourth 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 stake in shares of ProShares Ultra QQQ by 71.9% during the fourth 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 Stock Performance
NYSEARCA QLD opened at $93.10 on Tuesday. The firm’s 50 day moving average price is $75.40 and its 200-day moving average price is $72.06. ProShares Ultra QQQ has a 52-week low of $49.74 and a 52-week high of $94.48. The company has a market cap of $13.79 billion, a PE ratio of 31.03 and a beta of 2.43.
ProShares Ultra QQQ 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. The Index is calculated under a modified capitalization-weighted methodology.
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