Sollinda Capital Management LLC Takes Position in ProShares Ultra QQQ (NYSEARCA:QLD)

Sollinda Capital Management LLC purchased a new position in ProShares Ultra QQQ (NYSEARCA:QLD) in the 3rd quarter, HoldingsChannel.com reports. The fund purchased 2,804 shares of the company’s stock, valued at approximately $282,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norden Group LLC acquired a new stake in ProShares Ultra QQQ during the 1st quarter worth $212,000. Sequoia Financial Advisors LLC acquired a new stake in ProShares Ultra QQQ during the 1st quarter worth $218,000. Prosperity Consulting Group LLC acquired a new stake in ProShares Ultra QQQ during the 1st quarter worth $375,000. Envestnet Portfolio Solutions Inc. boosted its stake in ProShares Ultra QQQ by 3.1% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 5,949 shares of the company’s stock worth $520,000 after purchasing an additional 180 shares during the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new stake in ProShares Ultra QQQ during the 1st quarter worth $349,000.

ProShares Ultra QQQ Stock Performance

Shares of QLD stock traded up $1.37 on Friday, hitting $99.65. 2,679,586 shares of the stock traded hands, compared to its average volume of 3,264,900. The firm’s 50-day moving average price is $98.17 and its two-hundred day moving average price is $94.66. The stock has a market capitalization of $6.82 billion, a PE ratio of 25.00 and a beta of 2.55. ProShares Ultra QQQ has a twelve month low of $59.40 and a twelve month high of $110.04.

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.