Client First Investment Management LLC Purchases New Position in ProShares Ultra QQQ $QLD

Client First Investment Management LLC purchased a new stake in ProShares Ultra QQQ (NYSEARCA:QLD) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 23,771 shares of the company’s stock, valued at approximately $2,300,000. ProShares Ultra QQQ comprises about 1.0% of Client First Investment Management LLC’s investment portfolio, making the stock its 17th largest position.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Financial Engines Advisors L.L.C. lifted its position in shares of ProShares Ultra QQQ by 0.7% during the 3rd quarter. Financial Engines Advisors L.L.C. now owns 16,513 shares of the company’s stock worth $2,266,000 after buying an additional 122 shares during the last quarter. Koshinski Asset Management Inc. grew its position in shares of ProShares Ultra QQQ by 1.8% in the 1st quarter. Koshinski Asset Management Inc. now owns 10,431 shares of the company’s stock valued at $636,000 after buying an additional 180 shares during the last quarter. Brookstone Capital Management grew its position in shares of ProShares Ultra QQQ by 2.7% in the 1st quarter. Brookstone Capital Management now owns 11,774 shares of the company’s stock valued at $718,000 after buying an additional 308 shares during the last quarter. Creative Planning raised its stake in ProShares Ultra QQQ by 1.1% during the 3rd quarter. Creative Planning now owns 33,298 shares of the company’s stock worth $4,568,000 after acquiring an additional 364 shares in the last quarter. Finally, Orion Porfolio Solutions LLC raised its stake in ProShares Ultra QQQ by 3.6% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 10,863 shares of the company’s stock worth $1,490,000 after acquiring an additional 375 shares in the last quarter.

ProShares Ultra QQQ Price Performance

Shares of QLD opened at $92.21 on Friday. ProShares Ultra QQQ has a 1-year low of $56.60 and a 1-year high of $101.19. The stock has a market cap of $14.06 billion, a PE ratio of 31.03 and a beta of 2.46. The firm has a fifty day moving average price of $91.04 and a 200 day moving average price of $79.76.

ProShares Ultra QQQ 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.