Howard Capital Management Inc. Grows Position in ProShares Ultra QQQ (NYSEARCA:QLD)

Howard Capital Management Inc. raised its holdings in shares of ProShares Ultra QQQ (NYSEARCA:QLD) by 0.7% during the second quarter, according to its most recent filing with the SEC. The firm owned 82,571 shares of the company’s stock after purchasing an additional 596 shares during the period. ProShares Ultra QQQ accounts for about 0.8% of Howard Capital Management Inc.’s portfolio, making the stock its 15th largest position. Howard Capital Management Inc.’s holdings in ProShares Ultra QQQ were worth $8,252,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of QLD. Aveo Capital Partners LLC increased its holdings in ProShares Ultra QQQ by 200.2% during the second quarter. Aveo Capital Partners LLC now owns 255,288 shares of the company’s stock valued at $25,480,000 after buying an additional 170,254 shares during the period. Farther Finance Advisors LLC bought a new position in ProShares Ultra QQQ in the second quarter worth about $498,000. Commonwealth Equity Services LLC purchased a new stake in shares of ProShares Ultra QQQ during the second quarter valued at about $217,000. WealthShield Partners LLC bought a new stake in shares of ProShares Ultra QQQ in the 2nd quarter valued at about $152,000. Finally, Silverleafe Capital Partners LLC purchased a new stake in ProShares Ultra QQQ during the second quarter valued at approximately $252,000.

ProShares Ultra QQQ Trading Down 5.4 %

Shares of QLD stock opened at $85.44 on Friday. The business’s fifty day simple moving average is $96.07 and its 200-day simple moving average is $90.94. ProShares Ultra QQQ has a 12-month low of $53.72 and a 12-month high of $110.04. The company has a market cap of $5.84 billion, a PE ratio of 25.00 and a beta of 2.55.

ProShares Ultra QQQ Company 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.