Clearstead Trust LLC Increases Position in ProShares Ultra QQQ $QLD

Clearstead Trust LLC grew its stake in shares of ProShares Ultra QQQ (NYSEARCA:QLD) by 102.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 731,539 shares of the company’s stock after purchasing an additional 370,086 shares during the period. ProShares Ultra QQQ makes up 8.1% of Clearstead Trust LLC’s investment portfolio, making the stock its 3rd largest holding. Clearstead Trust LLC’s holdings in ProShares Ultra QQQ were worth $51,508,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently modified their holdings of QLD. Farmers & Merchants Investments Inc. boosted its stake in shares of ProShares Ultra QQQ by 100.0% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 800 shares of the company’s stock valued at $56,000 after purchasing an additional 400 shares in the last quarter. IFP Advisors Inc lifted its position in ProShares Ultra QQQ by 300.8% during the 4th quarter. IFP Advisors Inc now owns 998 shares of the company’s stock valued at $70,000 after acquiring an additional 749 shares during the period. Qube Research & Technologies Ltd purchased a new position in ProShares Ultra QQQ during the 3rd quarter valued at about $71,000. Financial Consulate Inc. lifted its position in ProShares Ultra QQQ by 88.5% during the 4th quarter. Financial Consulate Inc. now owns 1,067 shares of the company’s stock valued at $75,000 after acquiring an additional 501 shares during the period. Finally, Spire Wealth Management lifted its position in ProShares Ultra QQQ by 152.0% during the 4th quarter. Spire Wealth Management now owns 1,527 shares of the company’s stock valued at $108,000 after acquiring an additional 921 shares during the period.

ProShares Ultra QQQ Price Performance

Shares of NYSEARCA QLD opened at $93.10 on Monday. ProShares Ultra QQQ has a 1 year low of $49.74 and a 1 year high of $94.48. The stock has a market cap of $13.79 billion, a P/E ratio of 31.03 and a beta of 2.43. The firm has a 50-day moving average of $74.85 and a 200 day moving average of $71.91.

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.