ProShares Ultra QQQ (NYSEARCA:QLD) Stock Position Increased by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC boosted its position in shares of ProShares Ultra QQQ (NYSEARCA:QLD) by 9.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,177 shares of the company’s stock after buying an additional 181 shares during the quarter. Commonwealth Equity Services LLC’s holdings in ProShares Ultra QQQ were worth $236,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Compass Planning Associates Inc bought a new stake in shares of ProShares Ultra QQQ in the 4th quarter valued at approximately $40,000. Financial Life Planners acquired a new stake in ProShares Ultra QQQ in the 4th quarter valued at $51,000. Cape Investment Advisory Inc. bought a new position in ProShares Ultra QQQ during the 4th quarter valued at about $54,000. IFP Advisors Inc grew its position in ProShares Ultra QQQ by 226.1% during the 4th quarter. IFP Advisors Inc now owns 499 shares of the company’s stock worth $54,000 after acquiring an additional 346 shares during the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in ProShares Ultra QQQ during the 4th quarter worth about $214,000.

ProShares Ultra QQQ Stock Performance

NYSEARCA QLD opened at $85.63 on Thursday. The stock has a market capitalization of $6.24 billion, a P/E ratio of 27.52 and a beta of 2.36. ProShares Ultra QQQ has a 52 week low of $64.72 and a 52 week high of $120.68. The stock has a fifty day moving average of $99.31 and a 200-day moving average of $104.81.

ProShares Ultra QQQ Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 26th were issued a $0.0256 dividend. The ex-dividend date of this dividend was Wednesday, March 26th.

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.