Lido Advisors LLC Acquires 8,985 Shares of ProShares Ultra QQQ $QLD

Lido Advisors LLC grew its stake in shares of ProShares Ultra QQQ (NYSEARCA:QLDFree Report) by 118.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,586 shares of the company’s stock after buying an additional 8,985 shares during the period. Lido Advisors LLC’s holdings in ProShares Ultra QQQ were worth $1,012,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Portus Wealth Advisors LLC bought a new position in shares of ProShares Ultra QQQ during the 1st quarter valued at about $26,000. Farmers & Merchants Investments Inc. boosted its stake in ProShares Ultra QQQ by 100.0% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 800 shares of the company’s stock valued at $56,000 after buying an additional 400 shares during the last quarter. Monetary Solutions Ltd purchased a new position in ProShares Ultra QQQ during the 4th quarter valued at approximately $59,000. Parallel Advisors LLC grew its holdings in ProShares Ultra QQQ by 100.2% during the 4th quarter. Parallel Advisors LLC now owns 923 shares of the company’s stock valued at $65,000 after buying an additional 462 shares in the last quarter. Finally, Physician Wealth Advisors Inc. purchased a new position in ProShares Ultra QQQ during the 1st quarter valued at approximately $66,000.

ProShares Ultra QQQ Price Performance

NYSEARCA:QLD opened at $80.87 on Wednesday. The company has a market cap of $12.21 billion, a price-to-earnings ratio of 31.03 and a beta of 2.45. ProShares Ultra QQQ has a 1 year low of $56.60 and a 1 year high of $101.19. The stock’s 50 day simple moving average is $92.31 and its two-hundred day simple moving average is $78.99.

About ProShares Ultra QQQ

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for ProShares Ultra QQQ (NYSEARCA:QLD)

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