ProShares Ultra QQQ $QLD is Global View Capital Management LLC’s Largest Position

Global View Capital Management LLC raised its stake in ProShares Ultra QQQ (NYSEARCA:QLD) by 116.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,802,525 shares of the company’s stock after acquiring an additional 968,727 shares during the period. ProShares Ultra QQQ makes up 23.7% of Global View Capital Management LLC’s portfolio, making the stock its largest holding. Global View Capital Management LLC owned approximately 1.19% of ProShares Ultra QQQ worth $126,916,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of QLD. Main Street Group LTD grew its position in shares of ProShares Ultra QQQ by 2.3% during the third quarter. Main Street Group LTD now owns 547,311 shares of the company’s stock valued at $75,091,000 after purchasing an additional 12,223 shares in the last quarter. GenWealth Group Inc. lifted its position in shares of ProShares Ultra QQQ by 99.0% in the fourth quarter. GenWealth Group Inc. now owns 135,127 shares of the company’s stock worth $9,791,000 after buying an additional 67,207 shares in the last quarter. CPR Investments Inc. lifted its position in shares of ProShares Ultra QQQ by 277.3% in the fourth quarter. CPR Investments Inc. now owns 12,673 shares of the company’s stock worth $926,000 after buying an additional 9,314 shares in the last quarter. Flow Traders U.S. LLC boosted its stake in ProShares Ultra QQQ by 354.9% during the third quarter. Flow Traders U.S. LLC now owns 20,942 shares of the company’s stock valued at $2,873,000 after buying an additional 16,338 shares during the last quarter. Finally, Marshall Financial Group LLC boosted its stake in ProShares Ultra QQQ by 55.7% during the fourth quarter. Marshall Financial Group LLC now owns 72,265 shares of the company’s stock valued at $5,088,000 after buying an additional 25,853 shares during the last quarter.

ProShares Ultra QQQ Price Performance

NYSEARCA QLD opened at $58.05 on Monday. ProShares Ultra QQQ has a 1-year low of $32.36 and a 1-year high of $76.67. The business has a 50 day simple moving average of $67.85 and a two-hundred day simple moving average of $69.56. The stock has a market capitalization of $8.64 billion, a PE ratio of 31.03 and a beta of 2.31.

ProShares Ultra QQQ Cuts Dividend

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

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