23,045 Shares in ProShares Ultra QQQ $QLD Purchased by Sound Financial Strategies Group LLC

Sound Financial Strategies Group LLC bought a new position in ProShares Ultra QQQ (NYSEARCA:QLD) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 23,045 shares of the company’s stock, valued at approximately $1,294,000. ProShares Ultra QQQ comprises 0.8% of Sound Financial Strategies Group LLC’s investment portfolio, making the stock its 16th largest holding.

Several other institutional investors also recently bought and sold shares of the business. Global View Capital Management LLC boosted its stake in ProShares Ultra QQQ by 45.2% in the 2nd quarter. Global View Capital Management LLC now owns 816,412 shares of the company’s stock worth $96,100,000 after buying an additional 254,025 shares during the last quarter. Clearstead Trust LLC increased its stake in shares of ProShares Ultra QQQ by 0.3% during the 1st quarter. Clearstead Trust LLC now owns 733,841 shares of the company’s stock valued at $44,764,000 after acquiring an additional 2,302 shares during the last quarter. Dale Q Rice Investment Management Ltd increased its stake in shares of ProShares Ultra QQQ by 3.5% during the 1st quarter. Dale Q Rice Investment Management Ltd now owns 247,938 shares of the company’s stock valued at $15,124,000 after acquiring an additional 8,484 shares during the last quarter. LPL Financial LLC lifted its holdings in shares of ProShares Ultra QQQ by 125.1% during the 4th quarter. LPL Financial LLC now owns 141,071 shares of the company’s stock worth $9,933,000 after acquiring an additional 78,402 shares during the period. Finally, HighTower Advisors LLC lifted its holdings in shares of ProShares Ultra QQQ by 121.8% during the 4th quarter. HighTower Advisors LLC now owns 136,905 shares of the company’s stock worth $9,639,000 after acquiring an additional 75,185 shares during the period.

ProShares Ultra QQQ Stock Down 3.4%

Shares of QLD opened at $90.65 on Wednesday. The firm has a market cap of $13.82 billion, a PE ratio of 31.03 and a beta of 2.46. The company’s fifty day moving average is $90.58 and its two-hundred day moving average is $80.83. ProShares Ultra QQQ has a fifty-two week low of $56.60 and a fifty-two week high of $101.19.

ProShares Ultra QQQ Company 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. The Index is calculated under a modified capitalization-weighted methodology.