BXM Wealth LLC Has $2.89 Million Stock Position in ProShares UltraPro QQQ $TQQQ

BXM Wealth LLC trimmed its stake in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 40.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,338 shares of the exchange traded fund’s stock after selling 47,875 shares during the period. ProShares UltraPro QQQ accounts for approximately 2.2% of BXM Wealth LLC’s holdings, making the stock its 10th largest position. BXM Wealth LLC’s holdings in ProShares UltraPro QQQ were worth $2,890,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. WFA of San Diego LLC bought a new stake in ProShares UltraPro QQQ during the second quarter valued at about $25,000. CoreCap Advisors LLC raised its stake in shares of ProShares UltraPro QQQ by 69.8% in the fourth quarter. CoreCap Advisors LLC now owns 584 shares of the exchange traded fund’s stock worth $31,000 after buying an additional 240 shares during the period. BOKF NA bought a new position in shares of ProShares UltraPro QQQ in the third quarter worth about $31,000. Rothschild Investment LLC raised its stake in shares of ProShares UltraPro QQQ by 100.0% in the fourth quarter. Rothschild Investment LLC now owns 700 shares of the exchange traded fund’s stock worth $37,000 after buying an additional 350 shares during the period. Finally, Dogwood Wealth Management LLC purchased a new position in shares of ProShares UltraPro QQQ during the 4th quarter valued at about $44,000.

ProShares UltraPro QQQ Trading Up 7.5%

Shares of NASDAQ:TQQQ opened at $77.19 on Tuesday. The stock has a 50 day moving average of $74.32 and a 200 day moving average of $58.90. The company has a market cap of $38.07 billion, a PE ratio of 38.25 and a beta of 3.71. ProShares UltraPro QQQ has a 12-month low of $37.32 and a 12-month high of $88.09.

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.