Genesis Financial Group LLC Takes Position in ProShares Ultra QQQ $QLD

Genesis Financial Group LLC bought a new position in shares of ProShares Ultra QQQ (NYSEARCA:QLD) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 10,610 shares of the company’s stock, valued at approximately $747,000.

A number of other institutional investors have also recently added to or reduced their stakes in QLD. Integrated Wealth Concepts LLC bought a new position in ProShares Ultra QQQ during the 1st quarter valued at $557,000. Schnieders Capital Management LLC. bought a new stake in shares of ProShares Ultra QQQ in the 2nd quarter worth $271,000. JPMorgan Chase & Co. lifted its holdings in shares of ProShares Ultra QQQ by 41,735.7% in the second quarter. JPMorgan Chase & Co. now owns 11,714 shares of the company’s stock valued at $1,379,000 after buying an additional 11,686 shares during the period. Elevation Point Wealth Partners LLC acquired a new stake in shares of ProShares Ultra QQQ in the second quarter valued at $38,000. Finally, Lido Advisors LLC boosted its stake in ProShares Ultra QQQ by 88.3% during the second quarter. Lido Advisors LLC now owns 12,801 shares of the company’s stock valued at $1,508,000 after buying an additional 6,001 shares in the last quarter.

ProShares Ultra QQQ Stock Up 0.2%

NYSEARCA:QLD opened at $62.60 on Friday. The business’s 50-day moving average price is $67.06 and its 200 day moving average price is $69.38. ProShares Ultra QQQ has a 52-week low of $32.36 and a 52-week high of $76.67. The firm has a market cap of $9.31 billion, a P/E ratio of 31.03 and a beta of 2.31.

ProShares Ultra QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Wednesday, March 25th were issued a $0.0132 dividend. This represents a $0.05 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Wednesday, March 25th.

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