48,969 Shares in ProShares Ultra QQQ (NYSEARCA:QLD) Purchased by Client First Investment Management LLC

Client First Investment Management LLC acquired a new position in shares of ProShares Ultra QQQ (NYSEARCA:QLD) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 48,969 shares of the company’s stock, valued at approximately $4,888,000. ProShares Ultra QQQ comprises approximately 3.8% of Client First Investment Management LLC’s holdings, making the stock its 5th largest holding.

Other large investors have also added to or reduced their stakes in the company. IPG Investment Advisors LLC purchased a new stake in ProShares Ultra QQQ in the fourth quarter worth $1,129,000. Focus Financial Network Inc. ADV purchased a new stake in ProShares Ultra QQQ in the 4th quarter worth about $22,664,000. Harvest Investment Services LLC raised its stake in ProShares Ultra QQQ by 10.8% in the 4th quarter. Harvest Investment Services LLC now owns 19,922 shares of the company’s stock valued at $1,514,000 after acquiring an additional 1,941 shares during the period. James J. Burns & Company LLC purchased a new stake in ProShares Ultra QQQ during the fourth quarter valued at about $229,000. Finally, Walled Lake Planning & Wealth Management LLC purchased a new stake in ProShares Ultra QQQ during the fourth quarter valued at about $218,000.

ProShares Ultra QQQ Stock Down 0.4 %

QLD opened at $98.35 on Friday. The firm has a 50-day moving average price of $93.76 and a 200-day moving average price of $91.56. ProShares Ultra QQQ has a twelve month low of $53.72 and a twelve month high of $110.04. The company has a market capitalization of $6.73 billion, a price-to-earnings ratio of 25.00 and a beta of 2.55.

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.