50,327 Shares of ProShares UltraPro QQQ $TQQQ Purchased by Variant Private Wealth LLC

Variant Private Wealth LLC acquired a new position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 50,327 shares of the exchange traded fund’s stock, valued at approximately $3,927,000. ProShares UltraPro QQQ comprises approximately 3.5% of Variant Private Wealth LLC’s investment portfolio, making the stock its 11th biggest holding.

Other hedge funds and other institutional investors have also modified their holdings of the company. Ameritas Advisory Services LLC bought a new position in shares of ProShares UltraPro QQQ in the 2nd quarter valued at about $48,000. Princeton Global Asset Management LLC bought a new stake in shares of ProShares UltraPro QQQ during the 1st quarter worth approximately $50,000. Halbert Hargrove Global Advisors LLC lifted its stake in ProShares UltraPro QQQ by 41.1% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 1,202 shares of the exchange traded fund’s stock valued at $50,000 after purchasing an additional 350 shares during the last quarter. Trust Co. of Vermont bought a new position in ProShares UltraPro QQQ during the second quarter worth $58,000. Finally, Anchor Investment Management LLC acquired a new position in shares of ProShares UltraPro QQQ in the second quarter valued at approximately $65,000.

ProShares UltraPro QQQ Stock Performance

Shares of ProShares UltraPro QQQ stock traded up $2.72 on Wednesday, reaching $73.13. 33,815,810 shares of the stock were exchanged, compared to its average volume of 77,046,445. The firm’s 50 day moving average is $74.47 and its 200-day moving average is $71.66. ProShares UltraPro QQQ has a one year low of $37.32 and a one year high of $88.09. The firm has a market cap of $36.16 billion, a PE ratio of 38.25 and a beta of 3.71.

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.