Ridgepath Capital Management LLC acquired a new stake in ProShares Ultra QQQ (NYSEARCA:QLD – Free Report) in the fourth quarter, Holdings Channel reports. The firm acquired 99,656 shares of the company’s stock, valued at approximately $10,787,000. ProShares Ultra QQQ accounts for 5.0% of Ridgepath Capital Management LLC’s holdings, making the stock its 5th largest holding.
Several other large investors have also bought and sold shares of the stock. Dale Q Rice Investment Management Ltd bought a new stake in shares of ProShares Ultra QQQ in the 4th quarter valued at about $24,535,000. IMC Chicago LLC acquired a new stake in ProShares Ultra QQQ during the 3rd quarter valued at approximately $14,490,000. Axxcess Wealth Management LLC acquired a new position in shares of ProShares Ultra QQQ in the 3rd quarter worth approximately $10,032,000. First National Corp MA ADV increased its position in shares of ProShares Ultra QQQ by 1,039.1% during the third quarter. First National Corp MA ADV now owns 87,014 shares of the company’s stock worth $8,762,000 after buying an additional 79,375 shares during the period. Finally, Watts Gwilliam & Co. LLC bought a new position in ProShares Ultra QQQ during the third quarter worth $3,538,000.
ProShares Ultra QQQ Stock Performance
Shares of QLD stock opened at $112.41 on Friday. The company has a market cap of $7.69 billion, a P/E ratio of 25.00 and a beta of 2.55. The stock has a 50 day simple moving average of $111.58 and a two-hundred day simple moving average of $102.72. ProShares Ultra QQQ has a fifty-two week low of $75.28 and a fifty-two week high of $120.68.
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.
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