Silver Oak Securities Incorporated Takes $4.83 Million Position in ProShares Ultra QQQ (NYSEARCA:QLD)

Silver Oak Securities Incorporated bought a new position in ProShares Ultra QQQ (NYSEARCA:QLD) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 59,331 shares of the company’s stock, valued at approximately $4,827,000.

Several other hedge funds also recently made changes to their positions in the company. Global View Capital Management LLC bought a new stake in shares of ProShares Ultra QQQ in the 4th quarter worth approximately $69,158,000. Main Street Group LTD lifted its stake in ProShares Ultra QQQ by 4.5% in the fourth quarter. Main Street Group LTD now owns 489,165 shares of the company’s stock valued at $52,947,000 after buying an additional 20,918 shares during the last quarter. IMC Chicago LLC acquired a new position in shares of ProShares Ultra QQQ during the first quarter valued at $17,880,000. Marshall Financial Group LLC acquired a new position in shares of ProShares Ultra QQQ during the first quarter valued at $16,301,000. Finally, Westwood Wealth Management grew its position in ProShares Ultra QQQ by 1.1% in the 4th quarter. Westwood Wealth Management now owns 133,365 shares of the company’s stock worth $14,435,000 after purchasing an additional 1,505 shares during the last quarter.

ProShares Ultra QQQ Trading Down 0.0%

Shares of NYSEARCA:QLD opened at $108.32 on Thursday. The firm’s 50 day moving average is $96.93 and its two-hundred day moving average is $102.53. The firm has a market capitalization of $7.93 billion, a P/E ratio of 31.03 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.

About ProShares Ultra QQQ

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.