ProShares Ultra QQQ $QLD is Main Street Group LTD’s Largest Position

Main Street Group LTD decreased its position in ProShares Ultra QQQ (NYSEARCA:QLD) by 0.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,030,565 shares of the company’s stock after selling 8,611 shares during the quarter. ProShares Ultra QQQ comprises about 18.5% of Main Street Group LTD’s holdings, making the stock its largest position. Main Street Group LTD owned 0.70% of ProShares Ultra QQQ worth $62,864,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC acquired a new stake in shares of ProShares Ultra QQQ during the 1st quarter worth about $557,000. Schnieders Capital Management LLC. acquired a new position in shares of ProShares Ultra QQQ in the second quarter valued at approximately $271,000. JPMorgan Chase & Co. lifted its stake in shares of ProShares Ultra QQQ by 41,735.7% during the second quarter. JPMorgan Chase & Co. now owns 11,714 shares of the company’s stock valued at $1,379,000 after buying an additional 11,686 shares during the period. Ieq Capital LLC lifted its stake in shares of ProShares Ultra QQQ by 24.3% during the second quarter. Ieq Capital LLC now owns 19,338 shares of the company’s stock valued at $2,276,000 after buying an additional 3,776 shares during the period. Finally, Quantinno Capital Management LP purchased a new position in shares of ProShares Ultra QQQ during the second quarter valued at approximately $263,000.

ProShares Ultra QQQ Stock Performance

Shares of NYSEARCA QLD opened at $88.57 on Friday. The firm has a market cap of $13.37 billion, a P/E ratio of 31.03 and a beta of 2.45. ProShares Ultra QQQ has a 1 year low of $56.60 and a 1 year high of $101.19. The firm’s 50 day moving average price is $93.32 and its 200 day moving average price is $78.21.

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.