Innova Wealth Partners Purchases New Stake in ProShares Ultra QQQ (NYSEARCA:QLD)

Innova Wealth Partners acquired a new position in shares of ProShares Ultra QQQ (NYSEARCA:QLD) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 8,175 shares of the company’s stock, valued at approximately $885,000.

Several other large investors also recently made changes to their positions in QLD. Oliver Lagore Vanvalin Investment Group lifted its holdings in shares of ProShares Ultra QQQ by 36.5% during the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 1,144 shares of the company’s stock valued at $114,000 after acquiring an additional 306 shares in the last quarter. Tradition Wealth Management LLC purchased a new position in ProShares Ultra QQQ in the third quarter valued at about $207,000. Commonwealth Equity Services LLC acquired a new position in shares of ProShares Ultra QQQ during the second quarter worth about $217,000. Headlands Technologies LLC boosted its position in shares of ProShares Ultra QQQ by 200.9% in the second quarter. Headlands Technologies LLC now owns 2,227 shares of the company’s stock worth $222,000 after buying an additional 1,487 shares during the period. Finally, Anchor Investment Management LLC grew its stake in shares of ProShares Ultra QQQ by 131.2% in the second quarter. Anchor Investment Management LLC now owns 2,312 shares of the company’s stock valued at $231,000 after buying an additional 1,312 shares in the last quarter.

ProShares Ultra QQQ Stock Performance

Shares of NYSEARCA:QLD opened at $109.71 on Wednesday. The business’s 50-day simple moving average is $109.85 and its 200 day simple moving average is $101.91. The company has a market cap of $7.50 billion, a P/E ratio of 25.00 and a beta of 2.55. ProShares Ultra QQQ has a one year low of $71.63 and a one year high of $120.68.

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.