Legacy Wealth Managment LLC ID Raises Stock Holdings in ProShares Ultra QQQ $QLD

Legacy Wealth Managment LLC ID increased its holdings in ProShares Ultra QQQ (NYSEARCA:QLD) by 2,153.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,228 shares of the company’s stock after purchasing an additional 15,508 shares during the period. ProShares Ultra QQQ makes up about 1.0% of Legacy Wealth Managment LLC ID’s investment portfolio, making the stock its 20th largest position. Legacy Wealth Managment LLC ID’s holdings in ProShares Ultra QQQ were worth $1,910,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. IFP Advisors Inc raised its position in shares of ProShares Ultra QQQ by 80.2% during the 1st quarter. IFP Advisors Inc now owns 899 shares of the company’s stock valued at $80,000 after buying an additional 400 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in ProShares Ultra QQQ by 38.1% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 949 shares of the company’s stock worth $112,000 after acquiring an additional 262 shares during the last quarter. Atlantic Union Bankshares Corp purchased a new stake in ProShares Ultra QQQ during the second quarter valued at approximately $117,000. Spire Wealth Management lifted its stake in shares of ProShares Ultra QQQ by 42.0% in the 2nd quarter. Spire Wealth Management now owns 1,624 shares of the company’s stock valued at $191,000 after purchasing an additional 480 shares during the last quarter. Finally, Oliver Lagore Vanvalin Investment Group purchased a new position in shares of ProShares Ultra QQQ in the 2nd quarter worth approximately $205,000.

ProShares Ultra QQQ Stock Performance

NYSEARCA:QLD opened at $140.11 on Friday. The firm has a market capitalization of $10.34 billion, a PE ratio of 31.03 and a beta of 2.31. The stock’s fifty day moving average is $137.42 and its 200 day moving average is $120.72. ProShares Ultra QQQ has a fifty-two week low of $64.72 and a fifty-two week high of $153.33.

ProShares Ultra QQQ’s stock is scheduled to split on Thursday, November 20th. The 2-1 split was recently announced. The newly issued shares will be issued to shareholders after the closing bell on Wednesday, November 19th.

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.