GenWealth Group Inc. Has $9.39 Million Stock Position in ProShares Ultra QQQ $QLD

GenWealth Group Inc. grew its holdings in ProShares Ultra QQQ (NYSEARCA:QLD) by 23.1% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 79,730 shares of the company’s stock after acquiring an additional 14,967 shares during the quarter. ProShares Ultra QQQ accounts for approximately 1.9% of GenWealth Group Inc.’s investment portfolio, making the stock its 18th biggest position. GenWealth Group Inc. owned about 0.11% of ProShares Ultra QQQ worth $9,385,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Main Street Group LTD raised its stake in ProShares Ultra QQQ by 4.9% in the 2nd quarter. Main Street Group LTD now owns 535,088 shares of the company’s stock worth $62,985,000 after purchasing an additional 25,033 shares in the last quarter. Marshall Financial Group LLC increased its holdings in shares of ProShares Ultra QQQ by 40.1% during the second quarter. Marshall Financial Group LLC now owns 256,981 shares of the company’s stock worth $30,247,000 after purchasing an additional 73,580 shares during the period. IMC Chicago LLC bought a new position in shares of ProShares Ultra QQQ during the first quarter worth approximately $17,880,000. Westwood Wealth Management raised its position in shares of ProShares Ultra QQQ by 3.3% in the first quarter. Westwood Wealth Management now owns 137,765 shares of the company’s stock valued at $12,245,000 after buying an additional 4,400 shares in the last quarter. Finally, First National Corp MA ADV boosted its stake in shares of ProShares Ultra QQQ by 9.2% in the second quarter. First National Corp MA ADV now owns 78,869 shares of the company’s stock valued at $9,284,000 after buying an additional 6,647 shares during the period.

ProShares Ultra QQQ Price Performance

Shares of NYSEARCA:QLD opened at $134.23 on Friday. The business’s 50 day simple moving average is $126.74 and its 200 day simple moving average is $108.55. ProShares Ultra QQQ has a 1 year low of $64.72 and a 1 year high of $138.59. The company has a market capitalization of $9.85 billion, a P/E ratio of 31.03 and a beta of 2.27.

About ProShares Ultra QQQ

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.