Farther Finance Advisors LLC Increases Stock Position in ProShares Ultra QQQ (NYSEARCA:QLD)

Farther Finance Advisors LLC lifted its holdings in shares of ProShares Ultra QQQ (NYSEARCA:QLD) by 2.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,029 shares of the company’s stock after acquiring an additional 99 shares during the period. Farther Finance Advisors LLC’s holdings in ProShares Ultra QQQ were worth $506,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Envestnet Portfolio Solutions Inc. grew its position in shares of ProShares Ultra QQQ by 3.1% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 5,949 shares of the company’s stock worth $520,000 after acquiring an additional 180 shares during the last quarter. Galvin Gaustad & Stein LLC grew its position in ProShares Ultra QQQ by 4.3% in the 2nd quarter. Galvin Gaustad & Stein LLC now owns 6,315 shares of the company’s stock valued at $630,000 after buying an additional 260 shares during the last quarter. Oliver Lagore Vanvalin Investment Group grew its position in ProShares Ultra QQQ by 36.5% in the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 1,144 shares of the company’s stock valued at $114,000 after buying an additional 306 shares during the last quarter. Koshinski Asset Management Inc. grew its position in ProShares Ultra QQQ by 11.8% in the 3rd quarter. Koshinski Asset Management Inc. now owns 4,754 shares of the company’s stock valued at $479,000 after buying an additional 500 shares during the last quarter. Finally, Main Street Financial Solutions LLC grew its position in ProShares Ultra QQQ by 9.6% in the 2nd quarter. Main Street Financial Solutions LLC now owns 6,778 shares of the company’s stock valued at $677,000 after buying an additional 591 shares during the last quarter.

ProShares Ultra QQQ Price Performance

NYSEARCA:QLD opened at $107.05 on Thursday. The firm’s fifty day moving average price is $98.56 and its 200 day moving average price is $95.25. ProShares Ultra QQQ has a 1-year low of $62.26 and a 1-year high of $110.04. The firm has a market cap of $7.32 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.