IFP Advisors Inc Has $54,000 Stock Position in ProShares Ultra QQQ (NYSEARCA:QLD)

IFP Advisors Inc boosted its holdings in ProShares Ultra QQQ (NYSEARCA:QLD) by 226.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 499 shares of the company’s stock after buying an additional 346 shares during the quarter. IFP Advisors Inc’s holdings in ProShares Ultra QQQ were worth $54,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Dale Q Rice Investment Management Ltd acquired a new position in shares of ProShares Ultra QQQ during the fourth quarter worth $24,535,000. Aveo Capital Partners LLC grew its position in ProShares Ultra QQQ by 5,229.3% during the 4th quarter. Aveo Capital Partners LLC now owns 143,197 shares of the company’s stock worth $15,500,000 after acquiring an additional 140,510 shares during the last quarter. Ridgepath Capital Management LLC acquired a new position in ProShares Ultra QQQ in the 4th quarter worth about $10,787,000. Axxcess Wealth Management LLC bought a new position in ProShares Ultra QQQ in the third quarter valued at about $10,032,000. Finally, GenTrust LLC acquired a new stake in shares of ProShares Ultra QQQ during the third quarter valued at about $2,569,000.

ProShares Ultra QQQ Price Performance

ProShares Ultra QQQ stock opened at $97.02 on Friday. The business has a 50 day moving average of $110.93 and a 200-day moving average of $105.93. The company has a market capitalization of $6.86 billion, a P/E ratio of 33.52 and a beta of 2.23. ProShares Ultra QQQ has a 1 year low of $75.28 and a 1 year high of $120.68.

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.