ProShares Ultra QQQ $QLD Shares Bought by Donaldson Capital Management LLC

Donaldson Capital Management LLC boosted its position in shares of ProShares Ultra QQQ (NYSEARCA:QLD) by 100.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,000 shares of the company’s stock after buying an additional 14,000 shares during the period. Donaldson Capital Management LLC’s holdings in ProShares Ultra QQQ were worth $1,971,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in QLD. Beacon Capital Management Inc. acquired a new stake in shares of ProShares Ultra QQQ in the second quarter worth approximately $27,000. Elevation Point Wealth Partners LLC acquired a new position in ProShares Ultra QQQ in the 2nd quarter valued at $38,000. Qube Research & Technologies Ltd acquired a new position in ProShares Ultra QQQ in the 3rd quarter valued at $71,000. Financial Consulate Inc. purchased a new position in ProShares Ultra QQQ in the 3rd quarter valued at $78,000. Finally, Spire Wealth Management boosted its stake in ProShares Ultra QQQ by 152.0% during the 4th quarter. Spire Wealth Management now owns 1,527 shares of the company’s stock worth $108,000 after purchasing an additional 921 shares during the last quarter.

ProShares Ultra QQQ Price Performance

ProShares Ultra QQQ stock opened at $58.05 on Monday. ProShares Ultra QQQ has a 52-week low of $32.36 and a 52-week high of $76.67. The firm has a market capitalization of $8.64 billion, a price-to-earnings ratio of 31.03 and a beta of 2.31. The company has a fifty day simple moving average of $67.85 and a 200-day simple moving average of $69.56.

ProShares Ultra QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Wednesday, March 25th will be given a dividend of $0.0132 per share. The ex-dividend date is Wednesday, March 25th. This represents a $0.05 dividend on an annualized basis and a yield of 0.1%.

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. The Index is calculated under a modified capitalization-weighted methodology.