SBI Securities Co. Ltd. Raises Position in ProShares UltraPro QQQ $TQQQ

SBI Securities Co. Ltd. raised its holdings in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 97.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 250,542 shares of the exchange traded fund’s stock after acquiring an additional 123,768 shares during the quarter. SBI Securities Co. Ltd.’s holdings in ProShares UltraPro QQQ were worth $13,209,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TQQQ. Integrated Wealth Concepts LLC boosted its position in ProShares UltraPro QQQ by 19.2% in the 1st quarter. Integrated Wealth Concepts LLC now owns 4,971 shares of the exchange traded fund’s stock valued at $285,000 after buying an additional 799 shares during the period. Goldman Sachs Group Inc. boosted its position in ProShares UltraPro QQQ by 4,237.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 520,444 shares of the exchange traded fund’s stock valued at $29,821,000 after buying an additional 508,444 shares during the period. Focus Partners Wealth boosted its position in ProShares UltraPro QQQ by 30.8% in the 1st quarter. Focus Partners Wealth now owns 10,954 shares of the exchange traded fund’s stock valued at $628,000 after buying an additional 2,578 shares during the period. JPMorgan Chase & Co. boosted its position in ProShares UltraPro QQQ by 11.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 19,570 shares of the exchange traded fund’s stock valued at $1,624,000 after buying an additional 2,002 shares during the period. Finally, Cerity Partners LLC boosted its position in ProShares UltraPro QQQ by 11.4% in the 2nd quarter. Cerity Partners LLC now owns 30,865 shares of the exchange traded fund’s stock valued at $2,562,000 after buying an additional 3,158 shares during the period.

ProShares UltraPro QQQ Trading Up 3.8%

Shares of TQQQ opened at $67.39 on Wednesday. ProShares UltraPro QQQ has a twelve month low of $27.54 and a twelve month high of $67.77. The firm’s fifty day simple moving average is $50.22 and its 200-day simple moving average is $52.35. The firm has a market capitalization of $33.23 billion, a price-to-earnings ratio of 38.25 and a beta of 3.66.

ProShares UltraPro QQQ Profile

Proshares UltraPro QQQ ETF (the Fund) seeks daily investment results, before fees and expenses that correspond to triple (300%) the daily performance of the NASDAQ-100 Index (the Index). The Fund invests in equity securities, derivatives, such as futures contracts, swap agreements, and money market instruments. ProShare Advisors LLC (ProShare Advisors) provides the investment advisory and management services for the Fund.