Altfest L J & Co. Inc. Buys New Position in ProShares Ultra QQQ (NYSEARCA:QLD)

Altfest L J & Co. Inc. acquired a new stake in ProShares Ultra QQQ (NYSEARCA:QLDFree Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 3,220 shares of the company’s stock, valued at approximately $245,000.

Several other hedge funds and other institutional investors have also made changes to their positions in QLD. AlphaMark Advisors LLC boosted its stake in shares of ProShares Ultra QQQ by 91.0% in the 3rd quarter. AlphaMark Advisors LLC now owns 489 shares of the company’s stock valued at $29,000 after buying an additional 233 shares during the period. Sunbelt Securities Inc. purchased a new stake in ProShares Ultra QQQ during the first quarter worth approximately $39,000. Spire Wealth Management lifted its stake in ProShares Ultra QQQ by 32.5% during the third quarter. Spire Wealth Management now owns 1,092 shares of the company’s stock worth $65,000 after purchasing an additional 268 shares during the last quarter. UBS Group AG lifted its stake in ProShares Ultra QQQ by 53.9% during the third quarter. UBS Group AG now owns 2,551 shares of the company’s stock worth $94,000 after purchasing an additional 893 shares during the last quarter. Finally, Citigroup Inc. lifted its stake in ProShares Ultra QQQ by 29.2% during the fourth quarter. Citigroup Inc. now owns 3,100 shares of the company’s stock worth $109,000 after purchasing an additional 700 shares during the last quarter.

ProShares Ultra QQQ Stock Down 0.4 %

QLD stock opened at $87.51 on Friday. The business has a 50 day moving average price of $84.41 and a 200 day moving average price of $72.84. The stock has a market cap of $6.97 billion, a price-to-earnings ratio of 25.00 and a beta of 2.27. ProShares Ultra QQQ has a fifty-two week low of $45.98 and a fifty-two week high of $89.74.

ProShares Ultra QQQ Company Profile

(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.

Further Reading

Want to see what other hedge funds are holding QLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ProShares Ultra QQQ (NYSEARCA:QLDFree Report).

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

Receive News & Ratings for ProShares Ultra QQQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares Ultra QQQ and related companies with MarketBeat.com's FREE daily email newsletter.