Independent Financial Group LLC Invests $548,000 in ProShares Ultra QQQ $QLD

Independent Financial Group LLC bought a new stake in ProShares Ultra QQQ (NYSEARCA:QLD) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 8,988 shares of the company’s stock, valued at approximately $548,000.

Several other hedge funds and other institutional investors have also bought and sold shares of QLD. Portus Wealth Advisors LLC acquired a new stake in ProShares Ultra QQQ during the 1st quarter worth about $26,000. Farmers & Merchants Investments Inc. lifted its stake in shares of ProShares Ultra QQQ by 100.0% in 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 during the period. Monetary Solutions Ltd acquired a new position in shares of ProShares Ultra QQQ in the 4th quarter valued at about $59,000. Parallel Advisors LLC boosted its position in shares of ProShares Ultra QQQ by 100.2% during the 4th quarter. Parallel Advisors LLC now owns 923 shares of the company’s stock valued at $65,000 after purchasing an additional 462 shares in the last quarter. Finally, Physician Wealth Advisors Inc. bought a new stake in shares of ProShares Ultra QQQ during the 1st quarter valued at about $66,000.

ProShares Ultra QQQ Price Performance

NYSEARCA QLD opened at $88.28 on Thursday. The stock has a market capitalization of $13.33 billion, a P/E ratio of 31.03 and a beta of 2.45. The business has a 50 day simple moving average of $92.97 and a 200 day simple moving average of $78.67. ProShares Ultra QQQ has a one year low of $56.60 and a one year high of $101.19.

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. The Index is calculated under a modified capitalization-weighted methodology.