Westwood Wealth Management Purchases 4,090 Shares of ProShares Ultra QQQ (NYSEARCA:QLD)

Westwood Wealth Management grew its position in ProShares Ultra QQQ (NYSEARCA:QLD) by 3.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 129,010 shares of the company’s stock after buying an additional 4,090 shares during the quarter. ProShares Ultra QQQ accounts for 4.8% of Westwood Wealth Management’s holdings, making the stock its 4th largest holding. Westwood Wealth Management owned approximately 0.19% of ProShares Ultra QQQ worth $12,876,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Envestnet Portfolio Solutions Inc. boosted its position in ProShares Ultra QQQ by 3.1% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 5,949 shares of the company’s stock valued at $520,000 after buying an additional 180 shares during the period. Galvin Gaustad & Stein LLC raised its stake in shares of ProShares Ultra QQQ by 4.3% in the second quarter. Galvin Gaustad & Stein LLC now owns 6,315 shares of the company’s stock valued at $630,000 after acquiring an additional 260 shares in the last quarter. Main Street Financial Solutions LLC boosted its holdings in ProShares Ultra QQQ by 9.6% in the second quarter. Main Street Financial Solutions LLC now owns 6,778 shares of the company’s stock valued at $677,000 after purchasing an additional 591 shares during the period. Howard Capital Management Inc. grew its stake in ProShares Ultra QQQ by 0.7% during the 2nd quarter. Howard Capital Management Inc. now owns 82,571 shares of the company’s stock worth $8,252,000 after purchasing an additional 596 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new position in ProShares Ultra QQQ during the 1st quarter worth $65,000.

ProShares Ultra QQQ Stock Performance

Shares of QLD opened at $98.84 on Tuesday. ProShares Ultra QQQ has a 1 year low of $53.72 and a 1 year high of $110.04. The stock has a market capitalization of $6.76 billion, a PE ratio of 25.00 and a beta of 2.55. The stock has a 50-day simple moving average of $93.60 and a 200-day simple moving average of $91.72.

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.