ProShares Ultra QQQ $QLD Position Raised by Howard Capital Management Inc.

Howard Capital Management Inc. boosted its holdings in ProShares Ultra QQQ (NYSEARCA:QLD) by 95.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,277,706 shares of the company’s stock after purchasing an additional 5,993,035 shares during the quarter. ProShares Ultra QQQ comprises 9.2% of Howard Capital Management Inc.’s portfolio, making the stock its 2nd largest position. Howard Capital Management Inc. owned approximately 0.08% of ProShares Ultra QQQ worth $864,473,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Beacon Capital Management Inc. purchased a new stake in ProShares Ultra QQQ in the second quarter worth about $27,000. Qube Research & Technologies Ltd purchased a new stake in ProShares Ultra QQQ in the third quarter worth about $71,000. Financial Consulate Inc. grew its holdings in ProShares Ultra QQQ by 88.5% in the fourth quarter. Financial Consulate Inc. now owns 1,067 shares of the company’s stock worth $75,000 after purchasing an additional 501 shares during the period. Spire Wealth Management grew its holdings in ProShares Ultra QQQ by 152.0% in the fourth quarter. Spire Wealth Management now owns 1,527 shares of the company’s stock worth $108,000 after purchasing an additional 921 shares during the period. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in ProShares Ultra QQQ by 100.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,898 shares of the company’s stock worth $134,000 after purchasing an additional 949 shares during the period.

ProShares Ultra QQQ Stock Performance

Shares of QLD opened at $68.19 on Friday. The stock has a market cap of $9.29 billion, a PE ratio of 31.03 and a beta of 2.37. ProShares Ultra QQQ has a fifty-two week low of $35.99 and a fifty-two week high of $76.67. The firm’s 50-day simple moving average is $66.15 and its two-hundred day simple moving average is $69.30.

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 $0.0132 dividend. This represents a $0.05 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date was Wednesday, March 25th.

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