Founders Financial Securities LLC purchased a new stake in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ – Free Report) during the 3rd quarter, HoldingsChannel.com reports. The firm purchased 18,254 shares of the exchange traded fund’s stock, valued at approximately $1,424,000.
Several other institutional investors and hedge funds have also recently modified their holdings of TQQQ. Independent Financial Group LLC purchased a new stake in shares of ProShares UltraPro QQQ during the first quarter valued at approximately $12,430,000. Finward Bancorp purchased a new stake in ProShares UltraPro QQQ during the 3rd quarter valued at $4,167,000. Turner Capital Investments LLC bought a new stake in ProShares UltraPro QQQ in the 3rd quarter worth $11,510,000. IMC Chicago LLC increased its position in shares of ProShares UltraPro QQQ by 290.6% in the first quarter. IMC Chicago LLC now owns 289,517 shares of the exchange traded fund’s stock valued at $12,067,000 after acquiring an additional 215,397 shares during the period. Finally, Group One Trading LLC raised its stake in shares of ProShares UltraPro QQQ by 5.9% during the first quarter. Group One Trading LLC now owns 295,031 shares of the exchange traded fund’s stock valued at $12,297,000 after acquiring an additional 16,405 shares during the last quarter.
ProShares UltraPro QQQ Price Performance
Shares of NASDAQ:TQQQ opened at $62.01 on Friday. ProShares UltraPro QQQ has a 1 year low of $37.32 and a 1 year high of $88.09. The stock’s 50-day moving average is $73.59 and its 200 day moving average is $65.44. The company has a market cap of $31.95 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.
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Want to see what other hedge funds are holding TQQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ProShares UltraPro QQQ (NASDAQ:TQQQ – Free Report).
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