Miracle Mile Advisors LLC Purchases 350 Shares of ProShares Ultra QQQ (NYSEARCA:QLD)

Miracle Mile Advisors LLC increased its position in ProShares Ultra QQQ (NYSEARCA:QLD) by 0.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 48,080 shares of the company’s stock after acquiring an additional 350 shares during the quarter. Miracle Mile Advisors LLC’s holdings in ProShares Ultra QQQ were worth $5,204,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in QLD. Commonwealth Equity Services LLC bought a new position in ProShares Ultra QQQ in the second quarter worth $217,000. Client First Investment Management LLC bought a new position in ProShares Ultra QQQ during the 2nd quarter valued at about $4,888,000. Sanctuary Advisors LLC acquired a new position in ProShares Ultra QQQ in the second quarter valued at about $572,000. Oliver Lagore Vanvalin Investment Group grew its stake in ProShares Ultra QQQ by 36.5% during the second quarter. Oliver Lagore Vanvalin Investment Group now owns 1,144 shares of the company’s stock worth $114,000 after buying an additional 306 shares during the last quarter. Finally, First National Corp MA ADV raised its stake in shares of ProShares Ultra QQQ by 1,039.1% in the third quarter. First National Corp MA ADV now owns 87,014 shares of the company’s stock valued at $8,762,000 after acquiring an additional 79,375 shares during the last quarter.

ProShares Ultra QQQ Price Performance

Shares of QLD stock traded down $0.66 during trading hours on Monday, hitting $105.57. 2,361,870 shares of the company’s stock were exchanged, compared to its average volume of 4,472,782. ProShares Ultra QQQ has a 52 week low of $73.29 and a 52 week high of $120.68. The stock’s 50-day moving average is $110.34 and its 200-day moving average is $102.10. The stock has a market cap of $7.22 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.