Intrua Financial LLC boosted its position in ProShares UltraPro QQQ (NASDAQ:TQQQ – Free Report) by 222.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 21,559 shares of the exchange traded fund’s stock after acquiring an additional 14,880 shares during the period. Intrua Financial LLC’s holdings in ProShares UltraPro QQQ were worth $1,137,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Soltis Investment Advisors LLC raised its position in shares of ProShares UltraPro QQQ by 101.2% during the fourth quarter. Soltis Investment Advisors LLC now owns 3,919 shares of the exchange traded fund’s stock worth $207,000 after purchasing an additional 1,971 shares during the period. Pinnacle Associates Ltd. raised its position in shares of ProShares UltraPro QQQ by 100.3% during the fourth quarter. Pinnacle Associates Ltd. now owns 43,833 shares of the exchange traded fund’s stock worth $2,311,000 after purchasing an additional 21,951 shares during the period. Allworth Financial LP raised its position in shares of ProShares UltraPro QQQ by 99.4% during the fourth quarter. Allworth Financial LP now owns 2,333 shares of the exchange traded fund’s stock worth $123,000 after purchasing an additional 1,163 shares during the period. Atlantic Union Bankshares Corp raised its position in shares of ProShares UltraPro QQQ by 91.1% during the fourth quarter. Atlantic Union Bankshares Corp now owns 1,097 shares of the exchange traded fund’s stock worth $58,000 after purchasing an additional 523 shares during the period. Finally, World Investment Advisors raised its position in shares of ProShares UltraPro QQQ by 78.0% during the fourth quarter. World Investment Advisors now owns 54,857 shares of the exchange traded fund’s stock worth $2,861,000 after purchasing an additional 24,031 shares during the period.
ProShares UltraPro QQQ Stock Down 1.4%
Shares of NASDAQ:TQQQ opened at $74.32 on Tuesday. ProShares UltraPro QQQ has a twelve month low of $32.43 and a twelve month high of $79.68. The stock’s 50 day moving average is $54.81 and its 200-day moving average is $53.67. The firm has a market capitalization of $36.65 billion, a price-to-earnings ratio of 38.25 and a beta of 3.66.
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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