Discipline Wealth Solutions LLC Has $7.46 Million Holdings in ProShares Ultra QQQ $QLD

Discipline Wealth Solutions LLC raised its holdings in ProShares Ultra QQQ (NYSEARCA:QLD) by 316.3% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 122,373 shares of the company’s stock after purchasing an additional 92,975 shares during the period. Discipline Wealth Solutions LLC’s holdings in ProShares Ultra QQQ were worth $7,465,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of QLD. Brookstone Capital Management grew its position in ProShares Ultra QQQ by 2.7% in the first quarter. Brookstone Capital Management now owns 11,774 shares of the company’s stock valued at $718,000 after acquiring an additional 308 shares during the period. Founders Financial Securities LLC bought a new stake in ProShares Ultra QQQ during the 1st quarter worth about $334,000. World Investment Advisors bought a new stake in shares of ProShares Ultra QQQ during the fourth quarter worth approximately $290,000. Corient Private Wealth LLC lifted its stake in shares of ProShares Ultra QQQ by 176.2% in the 4th quarter. Corient Private Wealth LLC now owns 7,858 shares of the company’s stock valued at $553,000 after purchasing an additional 5,013 shares during the period. Finally, Anchor Investment Management LLC lifted its stake in ProShares Ultra QQQ by 100.0% in the fourth quarter. Anchor Investment Management LLC now owns 3,480 shares of the company’s stock valued at $245,000 after buying an additional 1,740 shares during the period.

ProShares Ultra QQQ Price Performance

ProShares Ultra QQQ stock opened at $97.68 on Tuesday. ProShares Ultra QQQ has a fifty-two week low of $53.16 and a fifty-two week high of $101.19. The firm has a market capitalization of $14.47 billion, a price-to-earnings ratio of 31.03 and a beta of 2.46. The company’s 50 day simple moving average is $88.37 and its 200 day simple moving average is $75.68.

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