Global Assets Advisory LLC boosted its holdings in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ – Free Report) by 202.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 13,327 shares of the exchange traded fund’s stock after buying an additional 8,924 shares during the quarter. Global Assets Advisory LLC’s holdings in ProShares UltraPro QQQ were worth $703,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently added to or reduced their stakes in the business. Merit Financial Group LLC grew its position in ProShares UltraPro QQQ by 2.1% during the third quarter. Merit Financial Group LLC now owns 7,642 shares of the exchange traded fund’s stock valued at $790,000 after buying an additional 158 shares during the period. Rodgers & Associates LTD grew its position in ProShares UltraPro QQQ by 4.8% during the fourth quarter. Rodgers & Associates LTD now owns 4,404 shares of the exchange traded fund’s stock valued at $232,000 after buying an additional 202 shares during the period. CoreCap Advisors LLC grew its position in ProShares UltraPro QQQ by 69.8% during the fourth quarter. CoreCap Advisors LLC now owns 584 shares of the exchange traded fund’s stock valued at $31,000 after buying an additional 240 shares during the period. Richmond Brothers Inc. boosted its position in shares of ProShares UltraPro QQQ by 2.4% in the third quarter. Richmond Brothers Inc. now owns 10,588 shares of the exchange traded fund’s stock worth $1,095,000 after purchasing an additional 253 shares during the period. Finally, IFP Advisors Inc boosted its position in shares of ProShares UltraPro QQQ by 25.7% in the fourth quarter. IFP Advisors Inc now owns 1,388 shares of the exchange traded fund’s stock worth $73,000 after purchasing an additional 284 shares during the period.
ProShares UltraPro QQQ Price Performance
TQQQ opened at $77.84 on Tuesday. The firm has a market cap of $38.39 billion, a P/E ratio of 38.25 and a beta of 3.66. ProShares UltraPro QQQ has a 1-year low of $32.43 and a 1-year high of $79.68. The company has a 50 day simple moving average of $57.60 and a two-hundred day simple moving average of $54.31.
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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