Institute for Wealth Management LLC. Has $2.71 Million Position in ProShares Ultra QQQ (QLD)

Institute for Wealth Management LLC. raised its stake in ProShares Ultra QQQ (NYSEARCA:QLD) by 7.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,299 shares of the company’s stock after acquiring an additional 2,295 shares during the period. ProShares Ultra QQQ accounts for approximately 0.9% of Institute for Wealth Management LLC.’s portfolio, making the stock its 25th largest position. Institute for Wealth Management LLC. owned approximately 0.15% of ProShares Ultra QQQ worth $2,710,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Adell Harriman & Carpenter Inc. boosted its stake in ProShares Ultra QQQ by 22.4% in the second quarter. Adell Harriman & Carpenter Inc. now owns 6,000 shares of the company’s stock valued at $519,000 after acquiring an additional 1,100 shares in the last quarter. Dubuque Bank & Trust Co. boosted its stake in ProShares Ultra QQQ by 81.6% in the second quarter. Dubuque Bank & Trust Co. now owns 3,133 shares of the company’s stock valued at $271,000 after acquiring an additional 1,408 shares in the last quarter. Global Financial Private Capital LLC boosted its stake in ProShares Ultra QQQ by 47.7% in the second quarter. Global Financial Private Capital LLC now owns 5,346 shares of the company’s stock valued at $462,000 after acquiring an additional 1,726 shares in the last quarter. Commonwealth Equity Services LLC acquired a new position in ProShares Ultra QQQ in the second quarter valued at $207,000. Finally, Round Table Services LLC acquired a new position in ProShares Ultra QQQ in the second quarter valued at $208,000.

NYSEARCA QLD opened at $97.14 on Monday. ProShares Ultra QQQ has a 1 year low of $60.30 and a 1 year high of $98.03.

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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Institutional Ownership by Quarter for ProShares Ultra QQQ (NYSEARCA:QLD)

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