Discipline Wealth Solutions LLC Buys 20,218 Shares of ProShares Ultra QQQ $QLD

Discipline Wealth Solutions LLC grew its stake in ProShares Ultra QQQ (NYSEARCA:QLD) by 220.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 29,398 shares of the company’s stock after acquiring an additional 20,218 shares during the period. Discipline Wealth Solutions LLC’s holdings in ProShares Ultra QQQ were worth $2,070,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Qube Research & Technologies Ltd bought a new position in ProShares Ultra QQQ during the third quarter worth about $71,000. Financial Consulate Inc. bought a new position in ProShares Ultra QQQ during the third quarter worth about $78,000. Financial Life Planners bought a new position in ProShares Ultra QQQ during the third quarter worth about $139,000. Larson Financial Group LLC bought a new position in ProShares Ultra QQQ during the third quarter worth about $183,000. Finally, Spire Wealth Management increased its position in ProShares Ultra QQQ by 152.0% during the fourth quarter. Spire Wealth Management now owns 1,527 shares of the company’s stock worth $108,000 after acquiring an additional 921 shares during the period.

ProShares Ultra QQQ Stock Performance

NYSEARCA:QLD opened at $74.11 on Thursday. ProShares Ultra QQQ has a 52 week low of $35.99 and a 52 week high of $76.67. The firm has a market cap of $10.13 billion, a price-to-earnings ratio of 31.03 and a beta of 2.37. The firm’s 50-day simple moving average is $66.24 and its 200 day simple moving average is $69.40.

ProShares Ultra QQQ Cuts Dividend

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

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.