Lido Advisors LLC Acquires 8,985 Shares of ProShares Ultra QQQ $QLD

Lido Advisors LLC increased its stake in ProShares Ultra QQQ (NYSEARCA:QLD) by 118.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,586 shares of the company’s stock after acquiring an additional 8,985 shares during the period. Lido Advisors LLC’s holdings in ProShares Ultra QQQ were worth $1,012,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in QLD. Integrated Wealth Concepts LLC bought a new stake in shares of ProShares Ultra QQQ in the 1st quarter valued at approximately $557,000. Schnieders Capital Management LLC. purchased a new position in ProShares Ultra QQQ during the second quarter worth $271,000. JPMorgan Chase & Co. increased its position in ProShares Ultra QQQ by 41,735.7% during 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 last quarter. Ieq Capital LLC increased its position in ProShares Ultra QQQ by 24.3% during the second quarter. Ieq Capital LLC now owns 19,338 shares of the company’s stock valued at $2,276,000 after acquiring an additional 3,776 shares during the last quarter. Finally, Quantinno Capital Management LP purchased a new stake in shares of ProShares Ultra QQQ in the second quarter valued at $263,000.

ProShares Ultra QQQ Trading Down 2.0%

QLD stock opened at $80.87 on Wednesday. ProShares Ultra QQQ has a 12 month low of $56.60 and a 12 month high of $101.19. The company has a 50-day moving average price of $92.31 and a 200 day moving average price of $78.99. The stock has a market cap of $12.21 billion, a PE ratio of 31.03 and a beta of 2.45.

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.