PMV Capital Advisers LLC Grows Stock Holdings in ProShares UltraPro QQQ (NASDAQ:TQQQ)

PMV Capital Advisers LLC grew its holdings in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) by 202.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,817 shares of the exchange traded fund’s stock after purchasing an additional 7,241 shares during the quarter. ProShares UltraPro QQQ makes up about 1.5% of PMV Capital Advisers LLC’s investment portfolio, making the stock its 13th biggest position. PMV Capital Advisers LLC’s holdings in ProShares UltraPro QQQ were worth $620,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in TQQQ. SVB Wealth LLC purchased a new position in shares of ProShares UltraPro QQQ in the 4th quarter valued at $791,000. Raymond James Financial Inc. acquired a new stake in ProShares UltraPro QQQ in the fourth quarter valued at approximately $364,000. Chung Wu Investment Group LLC acquired a new stake in ProShares UltraPro QQQ in the fourth quarter valued at approximately $983,000. LPL Financial LLC raised its stake in shares of ProShares UltraPro QQQ by 15.5% during the fourth quarter. LPL Financial LLC now owns 71,975 shares of the exchange traded fund’s stock valued at $5,695,000 after purchasing an additional 9,684 shares during the period. Finally, Envestnet Asset Management Inc. acquired a new position in shares of ProShares UltraPro QQQ during the fourth quarter worth $390,000.

ProShares UltraPro QQQ Trading Up 4.6%

TQQQ opened at $78.10 on Wednesday. ProShares UltraPro QQQ has a twelve month low of $35.00 and a twelve month high of $93.79. The firm has a market cap of $30.24 billion, a price-to-earnings ratio of 38.25 and a beta of 3.45. The company has a fifty day simple moving average of $64.95 and a 200 day simple moving average of $71.01.

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.