Turner Capital Investments LLC Takes Position in ProShares Ultra QQQ $QLD

Turner Capital Investments LLC purchased a new stake in shares of ProShares Ultra QQQ (NYSEARCA:QLD) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 84,396 shares of the company’s stock, valued at approximately $5,942,000. ProShares Ultra QQQ accounts for about 0.3% of Turner Capital Investments LLC’s portfolio, making the stock its 4th largest position.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Donaldson Capital Management LLC raised its position in ProShares Ultra QQQ by 100.0% during the fourth quarter. Donaldson Capital Management LLC now owns 28,000 shares of the company’s stock worth $1,971,000 after acquiring an additional 14,000 shares during the last quarter. CPR Investments Inc. raised its position in ProShares Ultra QQQ by 277.3% during the fourth quarter. CPR Investments Inc. now owns 12,673 shares of the company’s stock worth $926,000 after acquiring an additional 9,314 shares during the last quarter. Main Street Group LTD raised its position in ProShares Ultra QQQ by 2.3% during the third quarter. Main Street Group LTD now owns 547,311 shares of the company’s stock worth $75,091,000 after acquiring an additional 12,223 shares during the last quarter. Marshall Financial Group LLC raised its position in ProShares Ultra QQQ by 55.7% during the fourth quarter. Marshall Financial Group LLC now owns 72,265 shares of the company’s stock worth $5,088,000 after acquiring an additional 25,853 shares during the last quarter. Finally, Sowell Financial Services LLC raised its position in ProShares Ultra QQQ by 96.4% during the fourth quarter. Sowell Financial Services LLC now owns 46,863 shares of the company’s stock worth $3,300,000 after acquiring an additional 23,002 shares during the last quarter.

ProShares Ultra QQQ Trading Up 2.8%

Shares of QLD opened at $74.11 on Thursday. The stock has a market cap of $10.13 billion, a P/E ratio of 31.03 and a beta of 2.37. The company has a 50-day moving average of $66.24 and a two-hundred day moving average of $69.40. ProShares Ultra QQQ has a 12-month low of $35.99 and a 12-month high of $76.67.

ProShares Ultra QQQ Cuts Dividend

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

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. The Index is calculated under a modified capitalization-weighted methodology.