Dale Q Rice Investment Management Ltd Invests $24.54 Million in ProShares Ultra QQQ (NYSEARCA:QLD)

Dale Q Rice Investment Management Ltd acquired a new stake in shares of ProShares Ultra QQQ (NYSEARCA:QLD) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 226,668 shares of the company’s stock, valued at approximately $24,535,000. ProShares Ultra QQQ accounts for about 10.8% of Dale Q Rice Investment Management Ltd’s holdings, making the stock its 3rd largest position.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in QLD. Oliver Lagore Vanvalin Investment Group grew its position in shares of ProShares Ultra QQQ by 36.5% during the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 1,144 shares of the company’s stock valued at $114,000 after acquiring an additional 306 shares during the period. Tradition Wealth Management LLC purchased a new position in ProShares Ultra QQQ during the third quarter valued at $207,000. Commonwealth Equity Services LLC bought a new stake in ProShares Ultra QQQ during the second quarter valued at about $217,000. Anchor Investment Management LLC increased its position in ProShares Ultra QQQ by 131.2% in the second quarter. Anchor Investment Management LLC now owns 2,312 shares of the company’s stock worth $231,000 after buying an additional 1,312 shares in the last quarter. Finally, Safe Harbor Fiduciary LLC bought a new position in shares of ProShares Ultra QQQ in the third quarter worth about $233,000.

ProShares Ultra QQQ Trading Down 0.6 %

Shares of NYSEARCA:QLD opened at $105.57 on Tuesday. The stock has a 50 day moving average of $110.47 and a 200 day moving average of $102.13. The company has a market cap of $7.22 billion, a PE ratio of 25.00 and a beta of 2.55. ProShares Ultra QQQ has a 12-month low of $73.29 and a 12-month high of $120.68.

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.