Robinson Value Management Ltd. acquired a new stake in ProShares Ultra QQQ (NYSEARCA:QLD – Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 19,512 shares of the company’s stock, valued at approximately $1,866,000.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Bullseye Investment Management LLC acquired a new position in shares of ProShares Ultra QQQ during the second quarter worth approximately $33,000. Portus Wealth Advisors LLC bought a new position in shares of ProShares Ultra QQQ in the 1st quarter worth $26,000. Physician Wealth Advisors Inc. bought a new position in shares of ProShares Ultra QQQ in the 1st quarter worth $66,000. Integrated Wealth Concepts LLC acquired a new stake in ProShares Ultra QQQ in the 2nd quarter valued at $186,000. Finally, Retirement Planning Co of New England Inc. acquired a new stake in ProShares Ultra QQQ in the 3rd quarter valued at $246,000.
ProShares Ultra QQQ Trading Down 0.3%
Shares of QLD stock opened at $89.54 on Wednesday. The firm has a market capitalization of $14.24 billion, a PE ratio of 31.03 and a beta of 2.46. The firm has a fifty day simple moving average of $92.52 and a two-hundred day simple moving average of $89.02. ProShares Ultra QQQ has a 12 month low of $56.60 and a 12 month high of $101.62.
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.
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