Norden Group LLC Acquires 741 Shares of ProShares Ultra QQQ $QLD

Norden Group LLC boosted its holdings in ProShares Ultra QQQ (NYSEARCA:QLD) by 32.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,006 shares of the company’s stock after purchasing an additional 741 shares during the period. Norden Group LLC’s holdings in ProShares Ultra QQQ were worth $354,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. IFP Advisors Inc raised its holdings in shares of ProShares Ultra QQQ by 80.2% in the 1st quarter. IFP Advisors Inc now owns 899 shares of the company’s stock worth $80,000 after purchasing an additional 400 shares during the period. MassMutual Private Wealth & Trust FSB grew its holdings in ProShares Ultra QQQ by 38.1% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 949 shares of the company’s stock valued at $112,000 after purchasing an additional 262 shares during the period. Spire Wealth Management increased its position in ProShares Ultra QQQ by 15.7% in the first quarter. Spire Wealth Management now owns 1,144 shares of the company’s stock worth $102,000 after buying an additional 155 shares during the last quarter. Oliver Lagore Vanvalin Investment Group bought a new stake in shares of ProShares Ultra QQQ in the second quarter valued at $205,000. Finally, HBW Advisory Services LLC bought a new stake in shares of ProShares Ultra QQQ in the second quarter valued at $239,000.

ProShares Ultra QQQ Price Performance

Shares of NYSEARCA QLD opened at $135.31 on Friday. The stock has a market capitalization of $9.93 billion, a PE ratio of 31.03 and a beta of 2.27. ProShares Ultra QQQ has a one year low of $64.72 and a one year high of $138.59. The business’s fifty day moving average price is $127.02 and its 200-day moving average price is $108.86.

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.