Sowell Financial Services LLC Purchases New Holdings in ProShares Ultra QQQ $QLD

Sowell Financial Services LLC bought a new stake in ProShares Ultra QQQ (NYSEARCA:QLD) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 37,164 shares of the company’s stock, valued at approximately $3,555,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Clearstead Trust LLC boosted its holdings in ProShares Ultra QQQ by 0.3% in the first quarter. Clearstead Trust LLC now owns 733,841 shares of the company’s stock valued at $44,764,000 after purchasing an additional 2,302 shares in the last quarter. Turner Capital Investments LLC acquired a new stake in shares of ProShares Ultra QQQ during the third quarter worth about $44,161,000. Dale Q Rice Investment Management Ltd lifted its position in ProShares Ultra QQQ by 0.3% during the 3rd quarter. Dale Q Rice Investment Management Ltd now owns 258,195 shares of the company’s stock worth $24,696,000 after acquiring an additional 682 shares during the period. Toth Financial Advisory Corp acquired a new stake in shares of ProShares Ultra QQQ during the third quarter worth $22,280,000. Finally, Woodward Diversified Capital LLC lifted its stake in shares of ProShares Ultra QQQ by 29.5% in the 3rd quarter. Woodward Diversified Capital LLC now owns 66,354 shares of the company’s stock worth $6,347,000 after acquiring an additional 15,124 shares during the period.

ProShares Ultra QQQ Price Performance

ProShares Ultra QQQ stock opened at $82.59 on Friday. The company has a market cap of $13.38 billion, a PE ratio of 31.03 and a beta of 2.46. ProShares Ultra QQQ has a 1-year low of $56.60 and a 1-year high of $101.62. The stock’s 50 day moving average price is $91.91 and its 200 day moving average price is $83.17.

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.