Envestnet Asset Management Inc. Purchases 1,854 Shares of ProShares Ultra QQQ (NYSEARCA:QLD)

Envestnet Asset Management Inc. increased its position in shares of ProShares Ultra QQQ (NYSEARCA:QLD) by 11.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,693 shares of the company’s stock after acquiring an additional 1,854 shares during the quarter. Envestnet Asset Management Inc.’s holdings in ProShares Ultra QQQ were worth $1,661,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of QLD. Aptus Capital Advisors LLC bought a new position in ProShares Ultra QQQ during the 4th quarter worth approximately $33,000. Johnson Financial Group Inc. bought a new position in ProShares Ultra QQQ during the 4th quarter worth approximately $82,000. Spire Wealth Management boosted its stake in ProShares Ultra QQQ by 15.7% during the 1st quarter. Spire Wealth Management now owns 1,144 shares of the company’s stock worth $102,000 after acquiring an additional 155 shares during the last quarter. Barclays PLC boosted its stake in ProShares Ultra QQQ by 411.8% during the 4th quarter. Barclays PLC now owns 957 shares of the company’s stock worth $104,000 after acquiring an additional 770 shares during the last quarter. Finally, Blair William & Co. IL bought a new position in ProShares Ultra QQQ during the 4th quarter worth approximately $177,000.

ProShares Ultra QQQ Price Performance

ProShares Ultra QQQ stock opened at $124.15 on Thursday. The company’s 50 day simple moving average is $113.80 and its 200 day simple moving average is $103.70. ProShares Ultra QQQ has a fifty-two week low of $64.72 and a fifty-two week high of $125.93. The firm has a market capitalization of $9.21 billion, a price-to-earnings ratio of 31.03 and a beta of 2.27.

ProShares Ultra QQQ 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.