ProShares UltraPro QQQ $TQQQ Position Lessened by Wealth Watch Advisors INC

Wealth Watch Advisors INC decreased its position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) by 37.7% in the first quarter, Holdings Channel.com reports. The firm owned 26,147 shares of the exchange traded fund’s stock after selling 15,834 shares during the period. Wealth Watch Advisors INC’s holdings in ProShares UltraPro QQQ were worth $1,090,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TQQQ. Waverly Advisors LLC raised its stake in shares of ProShares UltraPro QQQ by 9.8% during the 1st quarter. Waverly Advisors LLC now owns 8,571 shares of the exchange traded fund’s stock worth $357,000 after purchasing an additional 765 shares in the last quarter. Group One Trading LLC grew its stake in shares of ProShares UltraPro QQQ by 5.9% in the 1st quarter. Group One Trading LLC now owns 295,031 shares of the exchange traded fund’s stock valued at $12,297,000 after buying an additional 16,405 shares in the last quarter. Ridgepath Capital Management LLC grew its stake in shares of ProShares UltraPro QQQ by 285.4% in the 1st quarter. Ridgepath Capital Management LLC now owns 175,735 shares of the exchange traded fund’s stock valued at $7,325,000 after buying an additional 130,136 shares in the last quarter. Hollencrest Capital Management grew its stake in shares of ProShares UltraPro QQQ by 97.7% in the 1st quarter. Hollencrest Capital Management now owns 1,827 shares of the exchange traded fund’s stock valued at $76,000 after buying an additional 903 shares in the last quarter. Finally, Hanseatic Management Services Inc. acquired a new position in ProShares UltraPro QQQ in the first quarter worth approximately $240,000.

ProShares UltraPro QQQ Stock Performance

Shares of TQQQ opened at $64.00 on Monday. The firm has a market cap of $31.09 billion, a PE ratio of 38.25 and a beta of 3.69. The firm’s 50 day moving average price is $76.42 and its 200 day moving average price is $61.44. ProShares UltraPro QQQ has a twelve month low of $37.32 and a twelve month high of $88.09.

ProShares UltraPro QQQ Company 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.