ProShares Ultra QQQ (NYSEARCA:QLD) Shares Purchased by First National Corp MA ADV

First National Corp MA ADV grew its stake in shares of ProShares Ultra QQQ (NYSEARCA:QLD) by 5.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 91,788 shares of the company’s stock after acquiring an additional 4,774 shares during the quarter. ProShares Ultra QQQ accounts for 2.2% of First National Corp MA ADV’s portfolio, making the stock its 13th largest position. First National Corp MA ADV’s holdings in ProShares Ultra QQQ were worth $9,935,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Dale Q Rice Investment Management Ltd acquired a new stake in ProShares Ultra QQQ during the fourth quarter worth approximately $24,535,000. IMC Chicago LLC acquired a new stake in shares of ProShares Ultra QQQ during the third quarter worth $14,490,000. Ridgepath Capital Management LLC purchased a new stake in shares of ProShares Ultra QQQ in the fourth quarter valued at $10,787,000. Axxcess Wealth Management LLC acquired a new position in ProShares Ultra QQQ in the third quarter valued at $10,032,000. Finally, GenTrust LLC purchased a new stake in ProShares Ultra QQQ in the 3rd quarter valued at about $2,569,000.

ProShares Ultra QQQ Price Performance

Shares of QLD stock opened at $112.15 on Monday. The firm’s 50-day simple moving average is $112.36 and its 200-day simple moving average is $103.26. ProShares Ultra QQQ has a 1-year low of $75.28 and a 1-year high of $120.68. The firm has a market cap of $7.67 billion, a P/E ratio of 25.00 and a beta of 2.55.

ProShares Ultra QQQ Company 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.