GenWealth Group Inc. Increases Holdings in ProShares Ultra QQQ (QLD)

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GenWealth Group Inc. boosted its holdings in shares of ProShares Ultra QQQ (NYSEARCA:QLD) by 10.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 30,877 shares of the company’s stock after acquiring an additional 2,822 shares during the quarter. ProShares Ultra QQQ accounts for about 1.0% of GenWealth Group Inc.’s investment portfolio, making the stock its 21st largest holding. GenWealth Group Inc.’s holdings in ProShares Ultra QQQ were worth $2,074,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Howard Capital Management Inc. boosted its position in ProShares Ultra QQQ by 12.1% during the 3rd quarter. Howard Capital Management Inc. now owns 847,737 shares of the company’s stock worth $85,194,000 after acquiring an additional 91,798 shares during the period. Morgan Stanley boosted its position in ProShares Ultra QQQ by 1,150.9% during the 3rd quarter. Morgan Stanley now owns 308,179 shares of the company’s stock worth $31,028,000 after acquiring an additional 283,542 shares during the period. Harvest Group Wealth Management LLC boosted its position in ProShares Ultra QQQ by 17.9% during the 3rd quarter. Harvest Group Wealth Management LLC now owns 232,844 shares of the company’s stock worth $23,443,000 after acquiring an additional 35,396 shares during the period. Bell Rock Capital LLC acquired a new stake in ProShares Ultra QQQ during the 3rd quarter worth about $9,380,000. Finally, GFS Advisors LLC boosted its position in ProShares Ultra QQQ by 211.0% during the 3rd quarter. GFS Advisors LLC now owns 33,900 shares of the company’s stock worth $3,413,000 after acquiring an additional 23,000 shares during the period.

Shares of QLD traded down $0.91 during midday trading on Friday, reaching $72.13. 74,892 shares of the stock were exchanged, compared to its average volume of 2,250,596. ProShares Ultra QQQ has a 12-month low of $58.44 and a 12-month high of $102.51.

The company also recently declared a quarterly dividend, which was paid on Thursday, January 3rd. Stockholders of record on Thursday, December 27th were paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.22%. The ex-dividend date of this dividend was Wednesday, December 26th.

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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.

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Institutional Ownership by Quarter for ProShares Ultra QQQ (NYSEARCA:QLD)

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