Sollinda Capital Management LLC Has $900,000 Holdings in ProShares Ultra QQQ (NYSEARCA:QLD)

Sollinda Capital Management LLC raised its position in ProShares Ultra QQQ (NYSEARCA:QLD) by 196.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 8,318 shares of the company’s stock after purchasing an additional 5,514 shares during the period. ProShares Ultra QQQ accounts for 0.2% of Sollinda Capital Management LLC’s holdings, making the stock its 26th biggest position. Sollinda Capital Management LLC’s holdings in ProShares Ultra QQQ were worth $900,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in QLD. Compass Planning Associates Inc purchased a new stake in ProShares Ultra QQQ in the 4th quarter valued at about $40,000. Financial Life Planners purchased a new stake in ProShares Ultra QQQ in the 4th quarter valued at about $51,000. Cape Investment Advisory Inc. purchased a new stake in ProShares Ultra QQQ in the 4th quarter valued at about $54,000. IFP Advisors Inc increased its stake in ProShares Ultra QQQ by 226.1% in the 4th quarter. IFP Advisors Inc now owns 499 shares of the company’s stock valued at $54,000 after buying an additional 346 shares during the last quarter. Finally, Tradition Wealth Management LLC purchased a new stake in ProShares Ultra QQQ in the 3rd quarter valued at about $207,000.

ProShares Ultra QQQ Stock Performance

NYSEARCA:QLD opened at $90.91 on Tuesday. The firm has a market cap of $6.43 billion, a price-to-earnings ratio of 33.52 and a beta of 2.23. ProShares Ultra QQQ has a 52 week low of $75.28 and a 52 week high of $120.68. The firm has a 50-day moving average price of $110.25 and a two-hundred day moving average price of $105.99.

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.