Capital Investment Counsel Inc Acquires 1,845 Shares of ProShares Ultra QQQ $QLD

Capital Investment Counsel Inc grew its holdings in shares of ProShares Ultra QQQ (NYSEARCA:QLD) by 4,100.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,890 shares of the company’s stock after buying an additional 1,845 shares during the quarter. Capital Investment Counsel Inc’s holdings in ProShares Ultra QQQ were worth $222,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of QLD. Envestnet Asset Management Inc. increased its position in shares of ProShares Ultra QQQ by 11.0% in the first quarter. Envestnet Asset Management Inc. now owns 18,693 shares of the company’s stock valued at $1,661,000 after acquiring an additional 1,854 shares during the last quarter. IFP Advisors Inc grew its stake in ProShares Ultra QQQ by 80.2% in the first quarter. IFP Advisors Inc now owns 899 shares of the company’s stock valued at $80,000 after purchasing an additional 400 shares in the last quarter. Lowery Thomas LLC grew its stake in ProShares Ultra QQQ by 4.2% in the first quarter. Lowery Thomas LLC now owns 3,703 shares of the company’s stock valued at $329,000 after purchasing an additional 150 shares in the last quarter. Efficient Advisors LLC acquired a new position in shares of ProShares Ultra QQQ during the 1st quarter worth approximately $4,268,000. Finally, SpringVest Wealth Management LLC bought a new stake in shares of ProShares Ultra QQQ during the 1st quarter worth approximately $356,000.

ProShares Ultra QQQ Trading Down 4.1%

NYSEARCA QLD opened at $139.25 on Friday. ProShares Ultra QQQ has a 12 month low of $64.72 and a 12 month high of $153.33. The stock has a 50 day moving average of $139.01 and a 200-day moving average of $122.42. The company has a market cap of $10.28 billion, a PE ratio of 31.03 and a beta of 2.31.

Shares of ProShares Ultra QQQ are going to split on the morning of Thursday, November 20th. The 2-1 split was recently announced. The newly minted shares will be issued to shareholders after the market closes on Wednesday, November 19th.

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.