Meridian Wealth Management LLC Has $1.26 Million Stake in ProShares Ultra QQQ (NYSEARCA:QLD)

Meridian Wealth Management LLC lowered its position in shares of ProShares Ultra QQQ (NYSEARCA:QLD) by 2.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,458 shares of the company’s stock after selling 359 shares during the period. Meridian Wealth Management LLC’s holdings in ProShares Ultra QQQ were worth $1,255,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. CreativeOne Wealth LLC bought a new stake in ProShares Ultra QQQ in the 1st quarter valued at about $223,000. Commonwealth Equity Services LLC acquired a new stake in shares of ProShares Ultra QQQ in the second quarter valued at approximately $217,000. Client First Investment Management LLC bought a new stake in shares of ProShares Ultra QQQ in the second quarter valued at approximately $4,888,000. Sanctuary Advisors LLC acquired a new stake in ProShares Ultra QQQ during the second quarter worth approximately $572,000. Finally, Farther Finance Advisors LLC bought a new position in ProShares Ultra QQQ during the 2nd quarter worth $498,000.

ProShares Ultra QQQ Stock Performance

NYSEARCA:QLD opened at $106.72 on Friday. The company has a market cap of $7.30 billion, a price-to-earnings ratio of 25.00 and a beta of 2.55. ProShares Ultra QQQ has a fifty-two week low of $66.49 and a fifty-two week high of $111.20. The stock has a fifty day moving average price of $102.31 and a 200-day moving average price of $97.40.

ProShares Ultra QQQ 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.