World Investment Advisors raised its stake in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ – Free Report) by 78.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 54,857 shares of the exchange traded fund’s stock after buying an additional 24,031 shares during the quarter. World Investment Advisors’ holdings in ProShares UltraPro QQQ were worth $2,892,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Integrated Wealth Concepts LLC boosted its stake in shares of ProShares UltraPro QQQ by 19.2% in the 1st quarter. Integrated Wealth Concepts LLC now owns 4,971 shares of the exchange traded fund’s stock worth $285,000 after buying an additional 799 shares during the last quarter. Goldman Sachs Group Inc. increased its position in ProShares UltraPro QQQ by 4,237.0% during the first quarter. Goldman Sachs Group Inc. now owns 520,444 shares of the exchange traded fund’s stock valued at $29,821,000 after acquiring an additional 508,444 shares during the last quarter. Focus Partners Wealth increased its position in ProShares UltraPro QQQ by 30.8% during the first quarter. Focus Partners Wealth now owns 10,954 shares of the exchange traded fund’s stock valued at $628,000 after acquiring an additional 2,578 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in ProShares UltraPro QQQ by 11.4% in the second quarter. JPMorgan Chase & Co. now owns 19,570 shares of the exchange traded fund’s stock valued at $1,624,000 after acquiring an additional 2,002 shares during the period. Finally, Cerity Partners LLC lifted its holdings in ProShares UltraPro QQQ by 11.4% in the second quarter. Cerity Partners LLC now owns 30,865 shares of the exchange traded fund’s stock valued at $2,562,000 after acquiring an additional 3,158 shares during the period.
ProShares UltraPro QQQ Stock Performance
Shares of NASDAQ:TQQQ opened at $82.87 on Friday. The stock has a market capitalization of $40.87 billion, a price-to-earnings ratio of 38.25 and a beta of 3.71. The stock’s 50-day simple moving average is $71.52 and its two-hundred day simple moving average is $58.03. ProShares UltraPro QQQ has a 52-week low of $35.71 and a 52-week high of $88.09.
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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