Retirement Planning Co of New England Inc. Purchases 27,731 Shares of ProShares UltraPro QQQ $TQQQ

Retirement Planning Co of New England Inc. grew its position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) by 107.1% in the 4th quarter, HoldingsChannel reports. The firm owned 53,623 shares of the exchange traded fund’s stock after acquiring an additional 27,731 shares during the quarter. ProShares UltraPro QQQ makes up about 1.1% of Retirement Planning Co of New England Inc.’s holdings, making the stock its 17th biggest holding. Retirement Planning Co of New England Inc.’s holdings in ProShares UltraPro QQQ were worth $2,827,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in TQQQ. WFA of San Diego LLC bought a new stake in ProShares UltraPro QQQ during the second quarter worth about $25,000. BOKF NA bought a new stake in ProShares UltraPro QQQ during the third quarter worth about $31,000. CoreCap Advisors LLC lifted its stake in ProShares UltraPro QQQ by 69.8% during the fourth quarter. CoreCap Advisors LLC now owns 584 shares of the exchange traded fund’s stock worth $31,000 after purchasing an additional 240 shares during the last quarter. Halbert Hargrove Global Advisors LLC bought a new stake in ProShares UltraPro QQQ during the third quarter worth about $44,000. Finally, Keystone Financial Group Inc. lifted its stake in ProShares UltraPro QQQ by 100.2% during the fourth quarter. Keystone Financial Group Inc. now owns 1,103 shares of the exchange traded fund’s stock worth $58,000 after purchasing an additional 552 shares during the last quarter.

ProShares UltraPro QQQ Stock Up 4.9%

Shares of TQQQ stock opened at $60.21 on Thursday. The business has a 50-day moving average price of $48.30 and a two-hundred day moving average price of $51.84. ProShares UltraPro QQQ has a 12-month low of $23.82 and a 12-month high of $60.69. The firm has a market cap of $32.46 billion, a P/E ratio of 38.25 and a beta of 3.53.

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.