Client First Investment Management LLC Purchases New Stake in ProShares Ultra QQQ (NYSEARCA:QLD)

Client First Investment Management LLC acquired a new position in shares of ProShares Ultra QQQ (NYSEARCA:QLD) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 48,969 shares of the company’s stock, valued at approximately $4,888,000. ProShares Ultra QQQ comprises approximately 3.8% of Client First Investment Management LLC’s holdings, making the stock its 5th largest position. Client First Investment Management LLC owned approximately 0.07% of ProShares Ultra QQQ as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Main Street Group LTD grew its holdings in ProShares Ultra QQQ by 0.6% during the second quarter. Main Street Group LTD now owns 452,550 shares of the company’s stock worth $45,721,000 after buying an additional 2,810 shares in the last quarter. Clearstead Trust LLC grew its stake in shares of ProShares Ultra QQQ by 1.7% in the 2nd quarter. Clearstead Trust LLC now owns 370,857 shares of the company’s stock worth $37,015,000 after acquiring an additional 6,105 shares in the last quarter. Focus Financial Network Inc. ADV purchased a new stake in shares of ProShares Ultra QQQ in the fourth quarter valued at about $22,664,000. Aveo Capital Partners LLC lifted its position in shares of ProShares Ultra QQQ by 200.2% during the second quarter. Aveo Capital Partners LLC now owns 255,288 shares of the company’s stock valued at $25,480,000 after purchasing an additional 170,254 shares in the last quarter. Finally, Flow Traders U.S. LLC boosted its holdings in ProShares Ultra QQQ by 6,662.8% during the first quarter. Flow Traders U.S. LLC now owns 179,416 shares of the company’s stock worth $15,695,000 after purchasing an additional 176,763 shares during the last quarter.

ProShares Ultra QQQ Stock Performance

Shares of QLD stock opened at $98.35 on Friday. ProShares Ultra QQQ has a 52-week low of $53.72 and a 52-week high of $110.04. The company has a 50-day simple moving average of $93.76 and a two-hundred day simple moving average of $91.56. The company has a market capitalization of $6.73 billion, a price-to-earnings ratio of 25.00 and a beta of 2.55.

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.