Wealth Enhancement Advisory Services LLC Has $2.12 Million Position in ProShares Ultra QQQ $QLD

Wealth Enhancement Advisory Services LLC boosted its stake in ProShares Ultra QQQ (NYSEARCA:QLD) by 848.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 29,275 shares of the company’s stock after purchasing an additional 26,190 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in ProShares Ultra QQQ were worth $2,121,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Integrated Wealth Concepts LLC acquired a new stake in shares of ProShares Ultra QQQ in the 1st quarter valued at about $557,000. Schnieders Capital Management LLC. bought a new position in ProShares Ultra QQQ in the second quarter worth approximately $271,000. JPMorgan Chase & Co. grew its stake in ProShares Ultra QQQ by 41,735.7% in the second quarter. JPMorgan Chase & Co. now owns 11,714 shares of the company’s stock valued at $1,379,000 after acquiring an additional 11,686 shares during the period. Elevation Point Wealth Partners LLC acquired a new stake in ProShares Ultra QQQ in the second quarter valued at approximately $38,000. Finally, Lido Advisors LLC increased its holdings in shares of ProShares Ultra QQQ by 88.3% during the second quarter. Lido Advisors LLC now owns 12,801 shares of the company’s stock valued at $1,508,000 after acquiring an additional 6,001 shares in the last quarter.

ProShares Ultra QQQ Stock Up 0.2%

Shares of QLD opened at $62.60 on Friday. ProShares Ultra QQQ has a 12-month low of $32.36 and a 12-month high of $76.67. The business’s fifty day moving average is $67.06 and its 200 day moving average is $69.38. The stock has a market cap of $9.31 billion, a P/E ratio of 31.03 and a beta of 2.31.

ProShares Ultra QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 25th were issued a dividend of $0.0132 per share. The ex-dividend date was Wednesday, March 25th. This represents a $0.05 annualized dividend and a yield of 0.1%.

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. The Index is calculated under a modified capitalization-weighted methodology.