Diversify Wealth Management LLC bought a new position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ – Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 10,526 shares of the exchange traded fund’s stock, valued at approximately $439,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Demars Financial Group LLC increased its holdings in ProShares UltraPro QQQ by 3.5% in the 1st quarter. Demars Financial Group LLC now owns 76,110 shares of the exchange traded fund’s stock valued at $3,172,000 after purchasing an additional 2,540 shares during the last quarter. Ascentis Independent Advisors raised its holdings in ProShares UltraPro QQQ by 100.8% in the first quarter. Ascentis Independent Advisors now owns 16,271 shares of the exchange traded fund’s stock valued at $678,000 after acquiring an additional 8,168 shares in the last quarter. Koshinski Asset Management Inc. increased its position in shares of ProShares UltraPro QQQ by 140.6% in the 1st quarter. Koshinski Asset Management Inc. now owns 17,259 shares of the exchange traded fund’s stock valued at $719,000 after purchasing an additional 10,087 shares during the last quarter. Clarity Wealth Advisors LLC increased its position in shares of ProShares UltraPro QQQ by 5.6% in the 1st quarter. Clarity Wealth Advisors LLC now owns 35,740 shares of the exchange traded fund’s stock valued at $1,490,000 after purchasing an additional 1,900 shares during the last quarter. Finally, Daviman Financial LLC lifted its position in shares of ProShares UltraPro QQQ by 1.3% during the 1st quarter. Daviman Financial LLC now owns 13,592 shares of the exchange traded fund’s stock worth $567,000 after purchasing an additional 179 shares during the last quarter.
ProShares UltraPro QQQ Stock Down 4.5%
Shares of ProShares UltraPro QQQ stock opened at $67.53 on Friday. ProShares UltraPro QQQ has a 52 week low of $37.32 and a 52 week high of $88.09. The firm’s 50 day moving average is $77.29 and its two-hundred day moving average is $60.88. The firm has a market capitalization of $32.68 billion, a P/E ratio of 38.25 and a beta of 3.69.
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.
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