ProShares Ultra QQQ $QLD Shares Purchased by PMV Capital Advisers LLC

PMV Capital Advisers LLC increased its holdings in shares of ProShares Ultra QQQ (NYSEARCA:QLD) by 125.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,288 shares of the company’s stock after buying an additional 18,538 shares during the quarter. ProShares Ultra QQQ accounts for about 4.3% of PMV Capital Advisers LLC’s portfolio, making the stock its 9th largest position. PMV Capital Advisers LLC’s holdings in ProShares Ultra QQQ were worth $2,344,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in QLD. Beacon Capital Management Inc. purchased a new stake in ProShares Ultra QQQ in the second quarter valued at about $27,000. Elevation Point Wealth Partners LLC purchased a new stake in shares of ProShares Ultra QQQ during the second quarter worth about $38,000. Qube Research & Technologies Ltd acquired a new position in shares of ProShares Ultra QQQ during the third quarter valued at about $71,000. Financial Consulate Inc. acquired a new position in shares of ProShares Ultra QQQ during the third quarter valued at about $78,000. Finally, Manchester Capital Management LLC purchased a new position in shares of ProShares Ultra QQQ in the 2nd quarter valued at approximately $118,000.

ProShares Ultra QQQ Stock Down 3.7%

QLD stock opened at $62.13 on Monday. The firm has a 50 day moving average of $68.91 and a 200 day moving average of $69.64. The stock has a market capitalization of $9.24 billion, a PE ratio of 31.03 and a beta of 2.31. ProShares Ultra QQQ has a 52 week low of $32.36 and a 52 week high of $76.67.

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.