Segment Wealth Management LLC Acquires New Holdings in ProShares Ultra QQQ (NYSEARCA:QLD)

Segment Wealth Management LLC bought a new stake in ProShares Ultra QQQ (NYSEARCA:QLD) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 2,814 shares of the company’s stock, valued at approximately $305,000.

Several other hedge funds also recently bought and sold shares of QLD. Commonwealth Equity Services LLC acquired a new position in shares of ProShares Ultra QQQ in the 2nd quarter worth approximately $217,000. Sanctuary Advisors LLC purchased a new stake in ProShares Ultra QQQ in the second quarter valued at approximately $572,000. Oliver Lagore Vanvalin Investment Group lifted its stake in ProShares Ultra QQQ by 36.5% during the second quarter. Oliver Lagore Vanvalin Investment Group now owns 1,144 shares of the company’s stock worth $114,000 after purchasing an additional 306 shares in the last quarter. First National Corp MA ADV boosted its position in shares of ProShares Ultra QQQ by 1,039.1% during the third quarter. First National Corp MA ADV now owns 87,014 shares of the company’s stock worth $8,762,000 after buying an additional 79,375 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of ProShares Ultra QQQ by 76.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,054 shares of the company’s stock valued at $305,000 after buying an additional 1,328 shares in the last quarter.

ProShares Ultra QQQ Trading Up 1.1 %

QLD stock opened at $113.40 on Wednesday. The business’s fifty day moving average price is $110.63 and its 200 day moving average price is $102.38. ProShares Ultra QQQ has a 12-month low of $75.28 and a 12-month high of $120.68. The company has a market capitalization of $7.76 billion, a PE ratio of 25.00 and a beta of 2.55.

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.