ProShares Ultra QQQ $QLD Shares Bought by Latitude Advisors LLC

Latitude Advisors LLC grew its position in ProShares Ultra QQQ (NYSEARCA:QLD) by 50.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,336 shares of the company’s stock after buying an additional 13,897 shares during the period. ProShares Ultra QQQ accounts for approximately 1.2% of Latitude Advisors LLC’s investment portfolio, making the stock its 15th largest position. Latitude Advisors LLC’s holdings in ProShares Ultra QQQ were worth $2,521,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Portus Wealth Advisors LLC purchased a new stake in shares of ProShares Ultra QQQ during the 1st quarter valued at approximately $26,000. Farmers & Merchants Investments Inc. grew its position in ProShares Ultra QQQ by 100.0% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 800 shares of the company’s stock worth $56,000 after acquiring an additional 400 shares during the period. Monetary Solutions Ltd acquired a new stake in ProShares Ultra QQQ during the fourth quarter worth $59,000. Parallel Advisors LLC increased its stake in ProShares Ultra QQQ by 100.2% during the fourth quarter. Parallel Advisors LLC now owns 923 shares of the company’s stock worth $65,000 after acquiring an additional 462 shares during the last quarter. Finally, Physician Wealth Advisors Inc. acquired a new stake in ProShares Ultra QQQ during the first quarter worth $66,000.

ProShares Ultra QQQ Price Performance

NYSEARCA:QLD opened at $90.61 on Friday. ProShares Ultra QQQ has a 52 week low of $56.60 and a 52 week high of $101.19. The company has a market capitalization of $13.68 billion, a P/E ratio of 31.03 and a beta of 2.45. The stock’s fifty day moving average is $91.62 and its two-hundred day moving average is $76.87.

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.