Pinnacle Associates Ltd. boosted its position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ – Free Report) by 100.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 43,833 shares of the exchange traded fund’s stock after purchasing an additional 21,951 shares during the period. Pinnacle Associates Ltd.’s holdings in ProShares UltraPro QQQ were worth $2,311,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in TQQQ. WFA of San Diego LLC bought a new position in ProShares UltraPro QQQ during the 2nd quarter valued at about $25,000. CoreCap Advisors LLC lifted its holdings in ProShares UltraPro QQQ by 69.8% during the 4th quarter. CoreCap Advisors LLC now owns 584 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 240 shares during the last quarter. BOKF NA bought a new position in ProShares UltraPro QQQ during the 3rd quarter valued at about $31,000. Dogwood Wealth Management LLC bought a new position in ProShares UltraPro QQQ during the 4th quarter valued at about $44,000. Finally, Halbert Hargrove Global Advisors LLC lifted its holdings in ProShares UltraPro QQQ by 100.0% during the 4th quarter. Halbert Hargrove Global Advisors LLC now owns 852 shares of the exchange traded fund’s stock valued at $45,000 after purchasing an additional 426 shares during the last quarter.
ProShares UltraPro QQQ Stock Down 4.6%
Shares of TQQQ stock opened at $75.34 on Friday. ProShares UltraPro QQQ has a 12-month low of $32.43 and a 12-month high of $79.68. The company has a market capitalization of $37.15 billion, a P/E ratio of 38.25 and a beta of 3.66. The firm has a 50-day moving average price of $54.32 and a 200 day moving average price of $53.60.
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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