ProShares Ultra QQQ $QLD Shares Purchased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. boosted its position in ProShares Ultra QQQ (NYSEARCA:QLD) by 100.0% in the 4th quarter, HoldingsChannel reports. The firm owned 45,500 shares of the company’s stock after purchasing an additional 22,750 shares during the period. PNC Financial Services Group Inc.’s holdings in ProShares Ultra QQQ were worth $3,204,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in QLD. Farmers & Merchants Investments Inc. grew its holdings in ProShares Ultra QQQ by 100.0% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 800 shares of the company’s stock valued at $56,000 after buying an additional 400 shares during the period. Qube Research & Technologies Ltd purchased a new stake in ProShares Ultra QQQ in the 3rd quarter valued at about $71,000. Financial Consulate Inc. grew its holdings in ProShares Ultra QQQ by 88.5% in the 4th quarter. Financial Consulate Inc. now owns 1,067 shares of the company’s stock valued at $75,000 after buying an additional 501 shares during the period. Spire Wealth Management grew its holdings in shares of ProShares Ultra QQQ by 152.0% during the 4th 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 shares of ProShares Ultra QQQ by 100.0% during the 4th 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 NYSEARCA:QLD opened at $96.40 on Wednesday. ProShares Ultra QQQ has a 1 year low of $50.91 and a 1 year high of $96.65. The stock has a market capitalization of $14.28 billion, a P/E ratio of 31.03 and a beta of 2.43. The stock has a 50-day simple moving average of $76.03 and a 200-day simple moving average of $72.22.

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