United Advisor Group LLC Purchases Shares of 11,562 ProShares Ultra QQQ $QLD

United Advisor Group LLC purchased a new stake in ProShares Ultra QQQ (NYSEARCA:QLD) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 11,562 shares of the company’s stock, valued at approximately $814,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Donaldson Capital Management LLC increased its stake in ProShares Ultra QQQ by 100.0% in the fourth quarter. Donaldson Capital Management LLC now owns 28,000 shares of the company’s stock valued at $1,971,000 after purchasing an additional 14,000 shares in the last quarter. CPR Investments Inc. increased its stake in ProShares Ultra QQQ by 277.3% in the fourth quarter. CPR Investments Inc. now owns 12,673 shares of the company’s stock valued at $926,000 after purchasing an additional 9,314 shares in the last quarter. Main Street Group LTD increased its stake in ProShares Ultra QQQ by 2.3% in the third quarter. Main Street Group LTD now owns 547,311 shares of the company’s stock valued at $75,091,000 after purchasing an additional 12,223 shares in the last quarter. Marshall Financial Group LLC increased its stake in ProShares Ultra QQQ by 55.7% in the fourth quarter. Marshall Financial Group LLC now owns 72,265 shares of the company’s stock valued at $5,088,000 after purchasing an additional 25,853 shares in the last quarter. Finally, Sowell Financial Services LLC increased its stake in ProShares Ultra QQQ by 96.4% in the fourth quarter. Sowell Financial Services LLC now owns 46,863 shares of the company’s stock valued at $3,300,000 after purchasing an additional 23,002 shares in the last quarter.

ProShares Ultra QQQ Trading Up 0.9%

QLD opened at $74.80 on Friday. ProShares Ultra QQQ has a 1-year low of $35.99 and a 1-year high of $76.67. The company has a market cap of $10.87 billion, a P/E ratio of 31.03 and a beta of 2.37. The company has a fifty day moving average price of $66.41 and a two-hundred day moving average price of $69.43.

ProShares Ultra QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 25th were issued a dividend of $0.0132 per share. This represents a $0.05 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Wednesday, March 25th.

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. The Index is calculated under a modified capitalization-weighted methodology.