Paragon Advisors LLC boosted its position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ – Free Report) by 109.9% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 516,930 shares of the exchange traded fund’s stock after acquiring an additional 270,651 shares during the period. ProShares UltraPro QQQ makes up approximately 7.4% of Paragon Advisors LLC’s portfolio, making the stock its 3rd largest position. Paragon Advisors LLC’s holdings in ProShares UltraPro QQQ were worth $40,336,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. PPSC Investment Service Corp raised its position in shares of ProShares UltraPro QQQ by 5.8% in the third quarter. PPSC Investment Service Corp now owns 1,497,357 shares of the exchange traded fund’s stock worth $116,839,000 after acquiring an additional 82,599 shares during the period. Vestia Personal Wealth Advisors boosted its stake in shares of ProShares UltraPro QQQ by 100.7% during the 3rd quarter. Vestia Personal Wealth Advisors now owns 310,000 shares of the exchange traded fund’s stock worth $24,189,000 after acquiring an additional 155,556 shares in the last quarter. Independent Financial Group LLC acquired a new stake in shares of ProShares UltraPro QQQ during the 1st quarter valued at about $12,430,000. Group One Trading LLC grew its position in shares of ProShares UltraPro QQQ by 5.9% during the 1st quarter. Group One Trading LLC now owns 295,031 shares of the exchange traded fund’s stock valued at $12,297,000 after acquiring an additional 16,405 shares during the period. Finally, IMC Chicago LLC grew its position in shares of ProShares UltraPro QQQ by 290.6% during the 1st quarter. IMC Chicago LLC now owns 289,517 shares of the exchange traded fund’s stock valued at $12,067,000 after acquiring an additional 215,397 shares during the period.
ProShares UltraPro QQQ Price Performance
Shares of ProShares UltraPro QQQ stock opened at $52.25 on Monday. ProShares UltraPro QQQ has a twelve month low of $37.32 and a twelve month high of $88.09. The business has a 50-day moving average price of $72.20 and a 200 day moving average price of $65.52. The firm has a market cap of $28.18 billion, a PE ratio of 38.25 and a beta of 3.73.
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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