GenWealth Group Inc. Purchases 67,207 Shares of ProShares Ultra QQQ $QLD

GenWealth Group Inc. lifted its position in shares of ProShares Ultra QQQ (NYSEARCA:QLD) by 99.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 135,127 shares of the company’s stock after purchasing an additional 67,207 shares during the quarter. ProShares Ultra QQQ accounts for 1.7% of GenWealth Group Inc.’s investment portfolio, making the stock its 19th largest holding. GenWealth Group Inc.’s holdings in ProShares Ultra QQQ were worth $9,791,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of QLD. Beacon Capital Management Inc. acquired a new stake in ProShares Ultra QQQ in the 2nd quarter valued at $27,000. Elevation Point Wealth Partners LLC bought a new stake in ProShares Ultra QQQ during the 2nd quarter valued at $38,000. Qube Research & Technologies Ltd acquired a new position in ProShares Ultra QQQ during the third quarter worth $71,000. Financial Consulate Inc. acquired a new position in ProShares Ultra QQQ during the third quarter worth $78,000. Finally, Manchester Capital Management LLC bought a new position in shares of ProShares Ultra QQQ in the second quarter valued at $118,000.

ProShares Ultra QQQ Price Performance

Shares of NYSEARCA QLD opened at $63.43 on Thursday. The stock has a market capitalization of $9.44 billion, a P/E ratio of 31.03 and a beta of 2.31. The company has a 50-day moving average price of $68.35 and a 200-day moving average price of $69.59. ProShares Ultra QQQ has a 1 year low of $32.36 and a 1 year high of $76.67.

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 $0.0132 dividend. The ex-dividend date of this dividend is Wednesday, March 25th. This represents a $0.05 annualized dividend and a yield of 0.1%.

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