Allworth Financial LP Acquires 8,133 Shares of ProShares Ultra QQQ $QLD

Allworth Financial LP boosted its holdings in ProShares Ultra QQQ (NYSEARCA:QLD) by 100.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 16,266 shares of the company’s stock after buying an additional 8,133 shares during the period. Allworth Financial LP’s holdings in ProShares Ultra QQQ were worth $1,145,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in QLD. Integrated Wealth Concepts LLC bought a new position in ProShares Ultra QQQ in the 1st quarter valued at approximately $557,000. Schnieders Capital Management LLC. bought a new position in ProShares Ultra QQQ in the 2nd quarter valued at approximately $271,000. JPMorgan Chase & Co. raised its holdings in ProShares Ultra QQQ by 41,735.7% in the 2nd 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 last quarter. Ieq Capital LLC raised its holdings in ProShares Ultra QQQ by 24.3% in the 2nd quarter. Ieq Capital LLC now owns 19,338 shares of the company’s stock valued at $2,276,000 after buying an additional 3,776 shares during the last quarter. Finally, Quantinno Capital Management LP bought a new position in ProShares Ultra QQQ in the 2nd quarter valued at approximately $263,000.

ProShares Ultra QQQ Price Performance

Shares of NYSEARCA QLD opened at $90.20 on Tuesday. ProShares Ultra QQQ has a 1 year low of $49.74 and a 1 year high of $94.48. The company has a 50 day simple moving average of $72.92 and a 200 day simple moving average of $71.45. The firm has a market cap of $13.36 billion, a PE ratio of 31.03 and a beta of 2.43.

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.