Focus Financial Network Inc. Has $35.25 Million Stock Holdings in ProShares Ultra QQQ $QLD

Focus Financial Network Inc. raised its holdings in shares of ProShares Ultra QQQ (NYSEARCA:QLD) by 0.0% in the second quarter, Holdings Channel.com reports. The firm owned 299,166 shares of the company’s stock after purchasing an additional 87 shares during the period. ProShares Ultra QQQ comprises 1.4% of Focus Financial Network Inc.’s portfolio, making the stock its 9th largest holding. Focus Financial Network Inc.’s holdings in ProShares Ultra QQQ were worth $35,252,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Spire Wealth Management boosted its holdings in ProShares Ultra QQQ by 15.7% in the first quarter. Spire Wealth Management now owns 1,144 shares of the company’s stock worth $102,000 after purchasing an additional 155 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of ProShares Ultra QQQ by 11.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 18,693 shares of the company’s stock valued at $1,661,000 after purchasing an additional 1,854 shares during the period. Mesirow Financial Investment Management Inc. raised its position in shares of ProShares Ultra QQQ by 1.3% during the 1st quarter. Mesirow Financial Investment Management Inc. now owns 47,100 shares of the company’s stock valued at $4,186,000 after purchasing an additional 600 shares during the period. LPL Financial LLC raised its position in shares of ProShares Ultra QQQ by 254.8% during the 1st quarter. LPL Financial LLC now owns 42,408 shares of the company’s stock valued at $3,769,000 after purchasing an additional 30,456 shares during the period. Finally, SpringVest Wealth Management LLC bought a new stake in ProShares Ultra QQQ in the 1st quarter valued at $356,000.

ProShares Ultra QQQ Stock Performance

Shares of NYSEARCA QLD opened at $132.51 on Thursday. The firm’s fifty day moving average is $124.77 and its two-hundred day moving average is $106.99. ProShares Ultra QQQ has a 52-week low of $64.72 and a 52-week high of $133.87. The company has a market cap of $9.73 billion, a P/E ratio of 31.03 and a beta of 2.27.

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.