Wealth Enhancement Advisory Services LLC Takes $369,000 Position in ProShares Ultra QQQ $QLD

Wealth Enhancement Advisory Services LLC purchased a new stake in ProShares Ultra QQQ (NYSEARCA:QLD) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,087 shares of the company’s stock, valued at approximately $369,000.

Other hedge funds have also made changes to their positions in the company. IFP Advisors Inc increased its position in shares of ProShares Ultra QQQ by 80.2% in the first quarter. IFP Advisors Inc now owns 899 shares of the company’s stock valued at $80,000 after buying an additional 400 shares in the last quarter. Spire Wealth Management increased its position in shares of ProShares Ultra QQQ by 15.7% in the first quarter. Spire Wealth Management now owns 1,144 shares of the company’s stock valued at $102,000 after buying an additional 155 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of ProShares Ultra QQQ by 38.1% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 949 shares of the company’s stock valued at $112,000 after buying an additional 262 shares in the last quarter. Seek First Inc. purchased a new position in shares of ProShares Ultra QQQ in the first quarter valued at $203,000. Finally, HBW Advisory Services LLC purchased a new position in shares of ProShares Ultra QQQ in the second quarter valued at $239,000.

ProShares Ultra QQQ Stock Down 1.1%

Shares of QLD stock opened at $138.96 on Wednesday. ProShares Ultra QQQ has a fifty-two week low of $64.72 and a fifty-two week high of $141.35. The stock has a market cap of $10.00 billion, a P/E ratio of 31.03 and a beta of 2.27. The business has a fifty day simple moving average of $129.19 and a 200-day simple moving average of $111.21.

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.