Milestone Asset Management LLC Invests $218,000 in ProShares Ultra QQQ $QLD

Milestone Asset Management LLC acquired a new position in shares of ProShares Ultra QQQ (NYSEARCA:QLD) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,852 shares of the company’s stock, valued at approximately $218,000.

A number of other institutional investors and hedge funds have also made changes to their positions in QLD. Howard Capital Management Inc. grew its position 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 worth $762,617,000 after buying an additional 6,385,308 shares in the last quarter. Marshall Financial Group LLC boosted its holdings in ProShares Ultra QQQ by 40.1% in the second quarter. Marshall Financial Group LLC now owns 256,981 shares of the company’s stock valued at $30,247,000 after purchasing an additional 73,580 shares in the last quarter. Tempus Wealth Planning LLC acquired a new position in ProShares Ultra QQQ in the second quarter valued at approximately $6,155,000. Efficient Advisors LLC acquired a new position in ProShares Ultra QQQ in the first quarter valued at approximately $4,268,000. Finally, Client First Investment Management LLC acquired a new position in ProShares Ultra QQQ in the second quarter valued at approximately $3,665,000.

ProShares Ultra QQQ Stock Down 4.1%

Shares of QLD opened at $144.64 on Wednesday. The stock has a 50 day moving average price of $136.41 and a 200 day moving average price of $119.93. The company has a market capitalization of $10.67 billion, a price-to-earnings ratio of 31.03 and a beta of 2.31. ProShares Ultra QQQ has a 52-week low of $64.72 and a 52-week high of $153.33.

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.