Richmond Brothers Inc. grew its position in ProShares UltraPro QQQ (NASDAQ:TQQQ – Free Report) by 97.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 20,952 shares of the exchange traded fund’s stock after buying an additional 10,364 shares during the period. ProShares UltraPro QQQ makes up approximately 0.7% of Richmond Brothers Inc.’s investment portfolio, making the stock its 23rd largest position. Richmond Brothers Inc.’s holdings in ProShares UltraPro QQQ were worth $1,105,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. WFA of San Diego LLC bought a new position in ProShares UltraPro QQQ in the 2nd quarter worth about $25,000. BOKF NA bought a new position in ProShares UltraPro QQQ in the 3rd quarter worth about $31,000. CoreCap Advisors LLC boosted its holdings in shares of ProShares UltraPro QQQ by 69.8% in the fourth quarter. CoreCap Advisors LLC now owns 584 shares of the exchange traded fund’s stock valued at $31,000 after acquiring an additional 240 shares in the last quarter. Rothschild Investment LLC boosted its holdings in shares of ProShares UltraPro QQQ by 100.0% in the fourth quarter. Rothschild Investment LLC now owns 700 shares of the exchange traded fund’s stock valued at $37,000 after acquiring an additional 350 shares in the last quarter. Finally, Dogwood Wealth Management LLC bought a new position in shares of ProShares UltraPro QQQ in the fourth quarter valued at approximately $44,000.
ProShares UltraPro QQQ Price Performance
ProShares UltraPro QQQ stock opened at $76.01 on Friday. The firm has a 50 day simple moving average of $67.14 and a 200-day simple moving average of $56.89. The stock has a market capitalization of $37.48 billion, a PE ratio of 38.25 and a beta of 3.71. ProShares UltraPro QQQ has a 12-month low of $35.71 and a 12-month high of $88.09.
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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Want to see what other hedge funds are holding TQQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ProShares UltraPro QQQ (NASDAQ:TQQQ – Free Report).
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