Legacy Wealth Managment LLC ID Has $1.25 Million Stake in ProShares Ultra QQQ $QLD

Legacy Wealth Managment LLC ID grew its holdings in ProShares Ultra QQQ (NYSEARCA:QLD) by 61.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 17,756 shares of the company’s stock after buying an additional 6,760 shares during the period. Legacy Wealth Managment LLC ID’s holdings in ProShares Ultra QQQ were worth $1,250,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Howard Capital Management Inc. grew its holdings in ProShares Ultra QQQ by 95.4% during the fourth quarter. Howard Capital Management Inc. now owns 12,277,706 shares of the company’s stock valued at $864,473,000 after purchasing an additional 5,993,035 shares during the last quarter. Global View Capital Management LLC raised its stake in ProShares Ultra QQQ by 116.2% during the fourth quarter. Global View Capital Management LLC now owns 1,802,525 shares of the company’s stock worth $126,916,000 after acquiring an additional 968,727 shares in the last quarter. Main Street Group LTD raised its stake in ProShares Ultra QQQ by 89.9% during the fourth quarter. Main Street Group LTD now owns 1,039,176 shares of the company’s stock worth $73,168,000 after acquiring an additional 491,865 shares in the last quarter. Focus Financial Network Inc. increased its stake in shares of ProShares Ultra QQQ by 100.1% in the fourth quarter. Focus Financial Network Inc. now owns 599,334 shares of the company’s stock valued at $42,199,000 after buying an additional 299,761 shares in the last quarter. Finally, Dale Q Rice Investment Management Ltd increased its stake in shares of ProShares Ultra QQQ by 94.3% in the fourth quarter. Dale Q Rice Investment Management Ltd now owns 239,454 shares of the company’s stock valued at $16,850,000 after buying an additional 116,236 shares in the last quarter.

ProShares Ultra QQQ Stock Up 4.6%

Shares of QLD stock opened at $91.72 on Friday. The stock has a 50-day moving average price of $69.63 and a 200 day moving average price of $70.47. The firm has a market cap of $13.59 billion, a price-to-earnings ratio of 31.03 and a beta of 2.43. ProShares Ultra QQQ has a 12 month low of $46.22 and a 12 month high of $91.74.

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