Crowley Wealth Management Inc. acquired a new position in shares of ProShares Ultra QQQ (NYSEARCA:QLD – Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 43,555 shares of the company’s stock, valued at approximately $4,714,000. ProShares Ultra QQQ comprises approximately 4.2% of Crowley Wealth Management Inc.’s investment portfolio, making the stock its 4th biggest position.
Several other institutional investors and hedge funds have also recently bought and sold shares of QLD. Compass Planning Associates Inc acquired a new position in ProShares Ultra QQQ during the fourth quarter worth $40,000. Financial Life Planners acquired a new position in ProShares Ultra QQQ during the 4th quarter worth about $51,000. Cape Investment Advisory Inc. purchased a new position in ProShares Ultra QQQ during the 4th quarter valued at about $54,000. IFP Advisors Inc grew its position in ProShares Ultra QQQ by 226.1% in the 4th quarter. IFP Advisors Inc now owns 499 shares of the company’s stock valued at $54,000 after acquiring an additional 346 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new stake in ProShares Ultra QQQ during the fourth quarter worth about $214,000.
ProShares Ultra QQQ Stock Performance
NYSEARCA QLD opened at $93.56 on Friday. The firm has a market cap of $6.05 billion, a price-to-earnings ratio of 28.84 and a beta of 2.28. The firm has a 50 day simple moving average of $107.16 and a 200-day simple moving average of $105.72. ProShares Ultra QQQ has a one year low of $75.28 and a one year high of $120.68.
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.
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