GenWealth Group Inc. Increases Position in ProShares Ultra QQQ (QLD)
GenWealth Group Inc. boosted its position in shares of ProShares Ultra QQQ (NYSEARCA:QLD) by 10.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,877 shares of the company’s stock after buying an additional 2,822 shares during the quarter. ProShares Ultra QQQ accounts for approximately 1.0% of GenWealth Group Inc.’s investment portfolio, making the stock its 21st largest position. GenWealth Group Inc. owned approximately 0.14% of ProShares Ultra QQQ worth $2,074,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in the stock. Howard Capital Management Inc. boosted its stake in ProShares Ultra QQQ by 12.1% during the third quarter. Howard Capital Management Inc. now owns 847,737 shares of the company’s stock valued at $85,194,000 after buying an additional 91,798 shares in the last quarter. Morgan Stanley boosted its stake in ProShares Ultra QQQ by 1,150.9% during the third quarter. Morgan Stanley now owns 308,179 shares of the company’s stock valued at $31,028,000 after buying an additional 283,542 shares in the last quarter. Harvest Group Wealth Management LLC boosted its stake in ProShares Ultra QQQ by 17.9% during the third quarter. Harvest Group Wealth Management LLC now owns 232,844 shares of the company’s stock valued at $23,443,000 after buying an additional 35,396 shares in the last quarter. Bell Rock Capital LLC bought a new position in ProShares Ultra QQQ during the third quarter valued at about $9,380,000. Finally, GFS Advisors LLC boosted its stake in ProShares Ultra QQQ by 211.0% during the third quarter. GFS Advisors LLC now owns 33,900 shares of the company’s stock valued at $3,413,000 after buying an additional 23,000 shares in the last quarter.
QLD stock traded down $0.91 during trading hours on Friday, hitting $72.13. 74,892 shares of the stock traded hands, compared to its average volume of 2,250,596. ProShares Ultra QQQ has a one year low of $58.44 and a one year high of $102.51.
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.
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