Crowley Wealth Management Inc. Buys Shares of 43,555 ProShares Ultra QQQ (NYSEARCA:QLD)

Crowley Wealth Management Inc. purchased 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 purchased 43,555 shares of the company’s stock, valued at approximately $4,714,000. ProShares Ultra QQQ makes up 4.2% of Crowley Wealth Management Inc.’s investment portfolio, making the stock its 4th biggest position. Crowley Wealth Management Inc. owned approximately 0.06% of ProShares Ultra QQQ as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the company. IFP Advisors Inc lifted its stake in ProShares Ultra QQQ by 226.1% in the 4th quarter. IFP Advisors Inc now owns 499 shares of the company’s stock worth $54,000 after purchasing an additional 346 shares in the last quarter. Sanctuary Advisors LLC increased its holdings in shares of ProShares Ultra QQQ by 5.3% in the fourth quarter. Sanctuary Advisors LLC now owns 6,034 shares of the company’s stock valued at $678,000 after purchasing an additional 306 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in ProShares Ultra QQQ during the fourth quarter worth approximately $214,000. HighTower Advisors LLC boosted its stake in ProShares Ultra QQQ by 0.5% during the third quarter. HighTower Advisors LLC now owns 57,722 shares of the company’s stock worth $5,812,000 after buying an additional 262 shares during the last quarter. Finally, Global View Capital Management LLC purchased a new stake in ProShares Ultra QQQ in the 4th quarter valued at $69,158,000.

ProShares Ultra QQQ Trading Up 0.7 %

Shares of QLD stock opened at $93.56 on Friday. The company’s 50-day moving average price is $107.16 and its 200-day moving average price is $105.72. The stock has a market cap of $6.05 billion, a price-to-earnings ratio of 28.84 and a beta of 2.28. ProShares Ultra QQQ has a twelve month low of $75.28 and a twelve month 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.