Adell Harriman & Carpenter Inc. Has $804,000 Position in ProShares Ultra QQQ $QLD

Adell Harriman & Carpenter Inc. increased its position in shares of ProShares Ultra QQQ (NYSEARCA:QLD) by 8.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,830 shares of the company’s stock after acquiring an additional 510 shares during the quarter. Adell Harriman & Carpenter Inc.’s holdings in ProShares Ultra QQQ were worth $804,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Howard Capital Management Inc. lifted its stake in shares of ProShares Ultra QQQ by 7,370.9% during the second quarter. Howard Capital Management Inc. now owns 6,471,937 shares of the company’s stock valued at $762,617,000 after acquiring an additional 6,385,308 shares during the period. Main Street Group LTD lifted its stake in shares of ProShares Ultra QQQ by 4.9% during the second quarter. Main Street Group LTD now owns 535,088 shares of the company’s stock valued at $62,985,000 after acquiring an additional 25,033 shares during the period. Marshall Financial Group LLC lifted its stake in shares of ProShares Ultra QQQ by 40.1% during the second quarter. Marshall Financial Group LLC now owns 256,981 shares of the company’s stock valued at $30,247,000 after acquiring an additional 73,580 shares during the period. Westwood Wealth Management lifted its stake in shares of ProShares Ultra QQQ by 3.3% during the first quarter. Westwood Wealth Management now owns 137,765 shares of the company’s stock valued at $12,245,000 after acquiring an additional 4,400 shares during the period. Finally, GenWealth Group Inc. lifted its stake in shares of ProShares Ultra QQQ by 23.1% during the second quarter. GenWealth Group Inc. now owns 79,730 shares of the company’s stock valued at $9,385,000 after acquiring an additional 14,967 shares during the period.

ProShares Ultra QQQ Stock Up 0.9%

Shares of QLD opened at $152.77 on Thursday. ProShares Ultra QQQ has a 12-month low of $64.72 and a 12-month high of $153.33. The firm has a market capitalization of $11.14 billion, a PE ratio of 31.03 and a beta of 2.31. The stock’s fifty day simple moving average is $134.48 and its 200-day simple moving average is $117.73.

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.