Sowell Financial Services LLC Buys 37,164 Shares of ProShares Ultra QQQ $QLD

Sowell Financial Services LLC purchased a new stake in ProShares Ultra QQQ (NYSEARCA:QLD) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 37,164 shares of the company’s stock, valued at approximately $3,555,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Turner Capital Investments LLC acquired a new position in shares of ProShares Ultra QQQ during the 3rd quarter valued at about $44,161,000. Toth Financial Advisory Corp acquired a new stake in shares of ProShares Ultra QQQ in the third quarter worth approximately $22,280,000. Legacy Wealth Partners LLC boosted its position in shares of ProShares Ultra QQQ by 727.2% in the third quarter. Legacy Wealth Partners LLC now owns 51,512 shares of the company’s stock worth $4,927,000 after acquiring an additional 45,285 shares during the last quarter. Envestnet Asset Management Inc. purchased a new stake in ProShares Ultra QQQ in the second quarter valued at approximately $2,987,000. Finally, Genesee Capital Advisors LLC purchased a new stake in ProShares Ultra QQQ in the third quarter valued at approximately $2,293,000.

ProShares Ultra QQQ Stock Performance

ProShares Ultra QQQ stock opened at $91.46 on Thursday. ProShares Ultra QQQ has a 1 year low of $56.60 and a 1 year high of $101.62. The firm has a 50 day moving average price of $92.50 and a 200 day moving average price of $89.23. The company has a market cap of $14.55 billion, a price-to-earnings ratio of 31.03 and a beta of 2.46.

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.