Meridian Wealth Management LLC Boosts Holdings in ProShares Ultra QQQ (NYSEARCA:QLD)

Meridian Wealth Management LLC grew its position in ProShares Ultra QQQ (NYSEARCA:QLD) by 8.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 13,538 shares of the company’s stock after purchasing an additional 1,080 shares during the period. Meridian Wealth Management LLC’s holdings in ProShares Ultra QQQ were worth $1,465,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in QLD. Farther Finance Advisors LLC grew its stake in shares of ProShares Ultra QQQ by 2.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 5,029 shares of the company’s stock valued at $506,000 after buying an additional 99 shares during the period. Klingman & Associates LLC purchased a new stake in shares of ProShares Ultra QQQ in the 3rd quarter valued at approximately $253,000. Axxcess Wealth Management LLC purchased a new stake in shares of ProShares Ultra QQQ in the 3rd quarter valued at approximately $10,032,000. Lowery Thomas LLC grew its stake in shares of ProShares Ultra QQQ by 3.0% in the 3rd quarter. Lowery Thomas LLC now owns 3,549 shares of the company’s stock valued at $357,000 after buying an additional 103 shares during the period. Finally, Nwam LLC purchased a new stake in shares of ProShares Ultra QQQ in the 3rd quarter valued at approximately $435,000.

ProShares Ultra QQQ Stock Performance

Shares of QLD stock opened at $100.79 on Tuesday. The firm’s 50 day moving average price is $111.92 and its 200-day moving average price is $105.99. ProShares Ultra QQQ has a one year low of $75.28 and a one year high of $120.68. The firm has a market cap of $7.13 billion, a P/E ratio of 33.52 and a beta of 2.23.

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.