Turner Capital Investments LLC Takes Position in ProShares Ultra QQQ $QLD

Turner Capital Investments LLC bought a new stake in ProShares Ultra QQQ (NYSEARCA:QLD) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 84,396 shares of the company’s stock, valued at approximately $5,942,000. ProShares Ultra QQQ makes up about 0.3% of Turner Capital Investments LLC’s portfolio, making the stock its 4th largest holding. Turner Capital Investments LLC owned about 0.06% of ProShares Ultra QQQ at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Howard Capital Management Inc. boosted 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 worth $864,473,000 after buying an additional 5,993,035 shares in the last quarter. Global View Capital Management LLC lifted its position in shares of ProShares Ultra QQQ by 116.2% during the 4th quarter. Global View Capital Management LLC now owns 1,802,525 shares of the company’s stock valued at $126,916,000 after acquiring an additional 968,727 shares during the period. Focus Financial Network Inc. lifted its position in shares of ProShares Ultra QQQ by 100.1% during the 4th quarter. Focus Financial Network Inc. now owns 599,334 shares of the company’s stock valued at $42,199,000 after acquiring an additional 299,761 shares during the period. Main Street Group LTD lifted its position in shares of ProShares Ultra QQQ by 2.3% during the 3rd quarter. Main Street Group LTD now owns 547,311 shares of the company’s stock valued at $75,091,000 after acquiring an additional 12,223 shares during the period. Finally, Toth Financial Advisory Corp lifted its position in shares of ProShares Ultra QQQ by 71.9% during the 4th quarter. Toth Financial Advisory Corp now owns 262,628 shares of the company’s stock valued at $18,492,000 after acquiring an additional 109,839 shares during the period.

ProShares Ultra QQQ Trading Up 2.8%

QLD stock opened at $74.11 on Thursday. The firm has a 50 day moving average of $66.24 and a 200-day moving average of $69.40. ProShares Ultra QQQ has a 12-month low of $35.99 and a 12-month high of $76.67. The company has a market cap of $10.13 billion, a price-to-earnings ratio of 31.03 and a beta of 2.37.

ProShares Ultra QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 25th were given 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.