ProShares UltraPro QQQ $TQQQ Stock: Integrity Alliance LLC. Cuts Holdings

Integrity Alliance LLC. cut its position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) by 42.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,626 shares of the exchange traded fund’s stock after selling 15,700 shares during the quarter. Integrity Alliance LLC.’s holdings in ProShares UltraPro QQQ were worth $1,688,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in TQQQ. Independent Financial Group LLC acquired a new stake in shares of ProShares UltraPro QQQ during the first quarter valued at approximately $12,430,000. IMC Chicago LLC boosted its stake in ProShares UltraPro QQQ by 290.6% in the 1st quarter. IMC Chicago LLC now owns 289,517 shares of the exchange traded fund’s stock worth $12,067,000 after purchasing an additional 215,397 shares during the period. Vestia Personal Wealth Advisors boosted its stake in ProShares UltraPro QQQ by 100.7% in the 3rd quarter. Vestia Personal Wealth Advisors now owns 310,000 shares of the exchange traded fund’s stock worth $24,189,000 after purchasing an additional 155,556 shares during the period. Turner Capital Investments LLC acquired a new position in ProShares UltraPro QQQ in the 3rd quarter worth approximately $11,510,000. Finally, Ridgepath Capital Management LLC grew its position in ProShares UltraPro QQQ by 285.4% during the 1st quarter. Ridgepath Capital Management LLC now owns 175,735 shares of the exchange traded fund’s stock worth $7,325,000 after purchasing an additional 130,136 shares in the last quarter.

ProShares UltraPro QQQ Stock Up 2.8%

TQQQ opened at $62.24 on Thursday. The stock has a fifty day moving average of $73.03 and a 200-day moving average of $65.53. The firm has a market capitalization of $32.20 billion, a P/E ratio of 38.25 and a beta of 3.73. ProShares UltraPro QQQ has a 12-month low of $37.32 and a 12-month high of $88.09.

About ProShares UltraPro QQQ

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.