Avidian Wealth Solutions LLC Acquires New Position in ProShares Ultra QQQ (NYSEARCA:QLD)

Avidian Wealth Solutions LLC acquired a new stake in shares of ProShares Ultra QQQ (NYSEARCA:QLD) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 10,000 shares of the company’s stock, valued at approximately $760,000.

Other institutional investors have also modified their holdings of the company. AlphaMark Advisors LLC grew its position in ProShares Ultra QQQ by 91.0% in the 3rd quarter. AlphaMark Advisors LLC now owns 489 shares of the company’s stock worth $29,000 after purchasing an additional 233 shares during the last quarter. Spire Wealth Management grew its position in ProShares Ultra QQQ by 32.5% in the 3rd quarter. Spire Wealth Management now owns 1,092 shares of the company’s stock worth $65,000 after purchasing an additional 268 shares during the last quarter. Citigroup Inc. grew its position in ProShares Ultra QQQ by 20.0% in the 3rd quarter. Citigroup Inc. now owns 2,280 shares of the company’s stock worth $135,000 after purchasing an additional 380 shares during the last quarter. Barclays PLC bought a new position in ProShares Ultra QQQ in the 3rd quarter worth about $155,000. Finally, Zullo Investment Group Inc. bought a new position in ProShares Ultra QQQ in the 4th quarter worth about $201,000.

ProShares Ultra QQQ Stock Up 4.0 %

NYSEARCA QLD traded up $3.20 on Friday, hitting $83.32. The stock had a trading volume of 2,918,899 shares, compared to its average volume of 3,771,517. ProShares Ultra QQQ has a one year low of $47.41 and a one year high of $89.74. The stock has a market cap of $5.70 billion, a price-to-earnings ratio of 25.00 and a beta of 2.55. The company’s 50-day moving average is $84.53 and its two-hundred day moving average is $76.87.

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.