Compass Planning Associates Inc Purchases New Position in ProShares Ultra QQQ (NYSEARCA:QLD)

Compass Planning Associates Inc acquired a new position in ProShares Ultra QQQ (NYSEARCA:QLD) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 372 shares of the company’s stock, valued at approximately $40,000.

Other hedge funds have also modified their holdings of the company. Financial Life Planners bought a new stake in ProShares Ultra QQQ in the fourth quarter worth $51,000. Tradition Wealth Management LLC purchased a new position in shares of ProShares Ultra QQQ in the 3rd quarter worth $207,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in shares of ProShares Ultra QQQ in the 4th quarter worth about $214,000. Safe Harbor Fiduciary LLC purchased a new stake in shares of ProShares Ultra QQQ during the 3rd quarter valued at about $233,000. Finally, Klingman & Associates LLC bought a new position in shares of ProShares Ultra QQQ in the 3rd quarter valued at about $253,000.

ProShares Ultra QQQ Trading Down 0.9 %

QLD opened at $118.06 on Friday. ProShares Ultra QQQ has a 12 month low of $75.28 and a 12 month high of $120.68. The stock has a 50-day moving average of $113.00 and a 200 day moving average of $104.78. The firm has a market cap of $8.08 billion, a P/E ratio of 25.00 and a beta of 2.55.

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.