Focus Financial Network Inc. Boosts Holdings in ProShares Ultra QQQ (NYSEARCA:QLD)

Focus Financial Network Inc. boosted its stake in shares of ProShares Ultra QQQ (NYSEARCA:QLD) by 0.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 299,079 shares of the company’s stock after acquiring an additional 325 shares during the period. ProShares Ultra QQQ comprises 1.3% of Focus Financial Network Inc.’s investment portfolio, making the stock its 10th largest position. Focus Financial Network Inc.’s holdings in ProShares Ultra QQQ were worth $32,372,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Financial Life Planners bought a new position in ProShares Ultra QQQ during the 4th quarter worth approximately $51,000. Tradition Wealth Management LLC bought a new stake in ProShares Ultra QQQ during the 3rd quarter valued at $207,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new stake in shares of ProShares Ultra QQQ in the 4th quarter worth about $214,000. Safe Harbor Fiduciary LLC purchased a new stake in shares of ProShares Ultra QQQ in the third quarter worth approximately $233,000. Finally, Klingman & Associates LLC bought a new position in ProShares Ultra QQQ during the 3rd quarter valued at $253,000.

ProShares Ultra QQQ Trading Up 2.4 %

Shares of QLD opened at $114.79 on Tuesday. The company has a market capitalization of $7.85 billion, a price-to-earnings ratio of 25.00 and a beta of 2.55. The stock has a 50 day moving average of $112.36 and a 200 day moving average of $103.33. ProShares Ultra QQQ has a 12 month low of $75.28 and a 12 month high of $120.68.

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.