Central Valley Advisors LLC Invests $483,000 in ProShares Ultra QQQ (NYSEARCA:QLD)

Central Valley Advisors LLC acquired a new stake in ProShares Ultra QQQ (NYSEARCA:QLD) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 4,800 shares of the company’s stock, valued at approximately $483,000.

Other institutional investors have also recently added to or reduced their stakes in the company. CreativeOne Wealth LLC purchased a new stake in ProShares Ultra QQQ in the 1st quarter valued at about $223,000. Envestnet Portfolio Solutions Inc. grew its holdings in ProShares Ultra QQQ by 3.1% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 5,949 shares of the company’s stock valued at $520,000 after purchasing an additional 180 shares during the period. Commonwealth Equity Services LLC acquired a new position in ProShares Ultra QQQ during the second quarter worth approximately $217,000. Client First Investment Management LLC purchased a new position in ProShares Ultra QQQ during the second quarter worth approximately $4,888,000. Finally, Sequoia Financial Advisors LLC acquired a new position in shares of ProShares Ultra QQQ in the 1st quarter valued at $218,000.

ProShares Ultra QQQ Stock Up 2.4 %

Shares of NYSEARCA QLD traded up $2.33 during trading on Friday, hitting $100.35. 3,340,841 shares of the company traded hands, compared to its average volume of 3,323,584. The firm has a market capitalization of $6.86 billion, a P/E ratio of 25.00 and a beta of 2.55. The company has a 50-day moving average price of $93.92 and a 200-day moving average price of $92.52. ProShares Ultra QQQ has a 1 year low of $53.72 and a 1 year high of $110.04.

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.