Edgestream Partners L.P. Takes $476,000 Position in ProShares Ultra QQQ (NYSEARCA:QLD)

Edgestream Partners L.P. purchased a new position in shares of ProShares Ultra QQQ (NYSEARCA:QLD) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,774 shares of the company’s stock, valued at approximately $476,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Focus Financial Network Inc. ADV purchased a new position in shares of ProShares Ultra QQQ in the 4th quarter worth about $22,664,000. Flow Traders U.S. LLC boosted its stake in ProShares Ultra QQQ by 6,662.8% in the first quarter. Flow Traders U.S. LLC now owns 179,416 shares of the company’s stock valued at $15,695,000 after acquiring an additional 176,763 shares during the last quarter. Aveo Capital Partners LLC grew its position in shares of ProShares Ultra QQQ by 200.2% during the 2nd quarter. Aveo Capital Partners LLC now owns 255,288 shares of the company’s stock valued at $25,480,000 after acquiring an additional 170,254 shares during the period. Connective Capital Management LLC purchased a new stake in shares of ProShares Ultra QQQ during the 1st quarter worth approximately $4,633,000. Finally, Mesirow Financial Investment Management Inc. bought a new stake in shares of ProShares Ultra QQQ in the 1st quarter worth approximately $4,593,000.

ProShares Ultra QQQ Stock Performance

QLD stock opened at $98.32 on Monday. The stock has a fifty day moving average of $93.76 and a 200-day moving average of $91.65. ProShares Ultra QQQ has a fifty-two week low of $53.72 and a fifty-two week 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 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.