ProShares Ultra QQQ $QLD Stock: Legacy Wealth Partners LLC Grows Stake

Legacy Wealth Partners LLC increased its holdings in ProShares Ultra QQQ (NYSEARCA:QLD) by 727.2% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 51,512 shares of the company’s stock after purchasing an additional 45,285 shares during the period. ProShares Ultra QQQ comprises about 1.1% of Legacy Wealth Partners LLC’s portfolio, making the stock its 19th largest holding. Legacy Wealth Partners LLC’s holdings in ProShares Ultra QQQ were worth $4,927,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Envestnet Asset Management Inc. bought a new position in ProShares Ultra QQQ during the second quarter valued at approximately $2,987,000. WealthBridge Capital Management LLC grew its position in ProShares Ultra QQQ by 90.4% in the 1st quarter. WealthBridge Capital Management LLC now owns 16,841 shares of the company’s stock worth $1,027,000 after purchasing an additional 7,997 shares during the period. Latitude Advisors LLC grew its position in ProShares Ultra QQQ by 50.6% in the 1st quarter. Latitude Advisors LLC now owns 41,336 shares of the company’s stock worth $2,521,000 after purchasing an additional 13,897 shares during the period. 180 Wealth Advisors LLC grew its position in ProShares Ultra QQQ by 29.4% in the 2nd quarter. 180 Wealth Advisors LLC now owns 25,853 shares of the company’s stock worth $2,502,000 after purchasing an additional 5,874 shares during the period. Finally, Discipline Wealth Solutions LLC grew its position in ProShares Ultra QQQ by 316.3% in the 1st quarter. Discipline Wealth Solutions LLC now owns 122,373 shares of the company’s stock worth $7,465,000 after purchasing an additional 92,975 shares during the period.

ProShares Ultra QQQ Trading Down 0.2%

Shares of QLD opened at $92.36 on Friday. The firm has a market cap of $14.59 billion, a PE ratio of 31.03 and a beta of 2.46. The firm has a fifty day simple moving average of $92.68 and a two-hundred day simple moving average of $88.42. ProShares Ultra QQQ has a 1-year low of $56.60 and a 1-year high of $101.62.

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. The Index is calculated under a modified capitalization-weighted methodology.