Commonwealth Equity Services LLC Purchases Shares of 2,173 ProShares Ultra QQQ (NYSEARCA:QLD)

Commonwealth Equity Services LLC acquired a new stake in 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 acquired 2,173 shares of the company’s stock, valued at approximately $217,000.

A number of other hedge funds have also recently made changes to their positions in the business. Headlands Technologies LLC bought a new position in shares of ProShares Ultra QQQ during the first quarter worth $65,000. Banque Cantonale Vaudoise purchased a new stake in ProShares Ultra QQQ during the first quarter valued at $105,000. WealthShield Partners LLC bought a new position in ProShares Ultra QQQ during the second quarter valued at $152,000. CWM LLC bought a new position in ProShares Ultra QQQ during the second quarter valued at $163,000. Finally, Hilltop Partners LLC purchased a new position in shares of ProShares Ultra QQQ in the 1st quarter worth $204,000.

ProShares Ultra QQQ Trading Up 0.2 %

Shares of NYSEARCA QLD opened at $99.97 on Thursday. ProShares Ultra QQQ has a 12-month low of $53.72 and a 12-month high of $110.04. The firm’s 50-day moving average price is $93.45 and its 200-day moving average price is $91.88. The stock has a market capitalization of $6.84 billion, a price-to-earnings ratio of 25.00 and a beta of 2.55.

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.