Main Street Group LTD Purchases 20,918 Shares of ProShares Ultra QQQ (NYSEARCA:QLD)

Main Street Group LTD raised its position in ProShares Ultra QQQ (NYSEARCA:QLD) by 4.5% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 489,165 shares of the company’s stock after purchasing an additional 20,918 shares during the quarter. ProShares Ultra QQQ accounts for 19.6% of Main Street Group LTD’s investment portfolio, making the stock its largest holding. Main Street Group LTD’s holdings in ProShares Ultra QQQ were worth $52,947,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Aptus Capital Advisors LLC bought a new position in shares of ProShares Ultra QQQ in the fourth quarter worth about $33,000. Compass Planning Associates Inc bought a new position in shares of ProShares Ultra QQQ in the fourth quarter worth about $40,000. Financial Life Planners bought a new position in shares of ProShares Ultra QQQ in the fourth quarter worth about $51,000. Cape Investment Advisory Inc. bought a new position in shares of ProShares Ultra QQQ in the fourth quarter worth about $54,000. Finally, IFP Advisors Inc raised its stake in shares of ProShares Ultra QQQ by 226.1% in the fourth quarter. IFP Advisors Inc now owns 499 shares of the company’s stock worth $54,000 after acquiring an additional 346 shares during the last quarter.

ProShares Ultra QQQ Trading Up 3.0%

Shares of NYSEARCA QLD opened at $103.69 on Wednesday. ProShares Ultra QQQ has a 1-year low of $64.72 and a 1-year high of $120.68. The company has a market cap of $7.33 billion, a PE ratio of 31.03 and a beta of 2.35. The company has a 50-day moving average of $87.56 and a two-hundred day moving average of $102.38.

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.