ProShares Ultra QQQ (NYSEARCA:QLD) Shares Purchased by Focus Financial Network Inc.

Focus Financial Network Inc. lifted its stake in shares of ProShares Ultra QQQ (NYSEARCA:QLD) by 0.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 299,079 shares of the company’s stock after purchasing an additional 325 shares during the period. ProShares Ultra QQQ makes up about 1.3% of Focus Financial Network Inc.’s investment portfolio, making the stock its 10th biggest position. Focus Financial Network Inc. owned approximately 0.44% of ProShares Ultra QQQ worth $32,372,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of QLD. Sanctuary Advisors LLC bought a new position in ProShares Ultra QQQ in the second quarter valued at about $572,000. Koshinski Asset Management Inc. lifted its position in ProShares Ultra QQQ by 11.8% during the 3rd quarter. Koshinski Asset Management Inc. now owns 4,754 shares of the company’s stock valued at $479,000 after purchasing an additional 500 shares during the period. Castleview Partners LLC boosted its stake in shares of ProShares Ultra QQQ by 38.7% in the 3rd quarter. Castleview Partners LLC now owns 18,841 shares of the company’s stock valued at $1,897,000 after purchasing an additional 5,257 shares during the last quarter. Integrated Advisors Network LLC grew its position in shares of ProShares Ultra QQQ by 69.9% during the 3rd quarter. Integrated Advisors Network LLC now owns 4,568 shares of the company’s stock worth $460,000 after buying an additional 1,879 shares during the period. Finally, IMC Chicago LLC bought a new stake in shares of ProShares Ultra QQQ during the third quarter worth approximately $14,490,000.

ProShares Ultra QQQ Price Performance

Shares of NYSEARCA QLD opened at $114.79 on Tuesday. ProShares Ultra QQQ has a fifty-two week low of $75.28 and a fifty-two week high of $120.68. The firm has a market capitalization of $7.85 billion, a P/E ratio of 25.00 and a beta of 2.55. The company’s 50 day simple moving average is $112.36 and its 200 day simple moving average is $103.33.

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.