Aveo Capital Partners LLC Raises Holdings in ProShares Ultra QQQ (NYSEARCA:QLD)

Aveo Capital Partners LLC increased its position in shares of ProShares Ultra QQQ (NYSEARCA:QLD) by 5,229.3% in the 4th quarter, Holdings Channel reports. The firm owned 143,197 shares of the company’s stock after purchasing an additional 140,510 shares during the period. ProShares Ultra QQQ accounts for approximately 1.7% of Aveo Capital Partners LLC’s portfolio, making the stock its 12th largest position. Aveo Capital Partners LLC’s holdings in ProShares Ultra QQQ were worth $15,500,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in QLD. First National Corp MA ADV boosted its stake in ProShares Ultra QQQ by 5.5% during the fourth quarter. First National Corp MA ADV now owns 91,788 shares of the company’s stock worth $9,935,000 after buying an additional 4,774 shares during the last quarter. Clay Northam Wealth Management LLC acquired a new position in ProShares Ultra QQQ during the fourth quarter worth $277,000. Financial Life Planners acquired a new position in ProShares Ultra QQQ during the fourth quarter worth $51,000. Ridgepath Capital Management LLC acquired a new position in ProShares Ultra QQQ during the fourth quarter worth $10,787,000. Finally, Foundations Investment Advisors LLC boosted its stake in ProShares Ultra QQQ by 11.2% during the fourth quarter. Foundations Investment Advisors LLC now owns 11,237 shares of the company’s stock worth $1,216,000 after buying an additional 1,131 shares during the last quarter.

ProShares Ultra QQQ Stock Performance

NYSEARCA QLD opened at $118.54 on Friday. ProShares Ultra QQQ has a fifty-two week low of $75.28 and a fifty-two week high of $120.68. The stock’s fifty day moving average is $112.60 and its two-hundred day moving average is $103.83. The firm has a market capitalization of $8.11 billion, a P/E ratio of 25.00 and a beta of 2.55.

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.