Maridea Wealth Management LLC lowered its position in ProShares UltraPro QQQ (NASDAQ:TQQQ – Free Report) by 48.0% during the first quarter, Holdings Channel reports. The firm owned 8,720 shares of the exchange traded fund’s stock after selling 8,037 shares during the period. Maridea Wealth Management LLC’s holdings in ProShares UltraPro QQQ were worth $363,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Hilton Head Capital Partners LLC boosted its stake in shares of ProShares UltraPro QQQ by 101.0% in the 1st quarter. Hilton Head Capital Partners LLC now owns 5,126 shares of the exchange traded fund’s stock valued at $214,000 after purchasing an additional 2,576 shares during the last quarter. Surience Private Wealth LLC bought a new position in ProShares UltraPro QQQ during the first quarter worth $552,000. Halbert Hargrove Global Advisors LLC raised its stake in ProShares UltraPro QQQ by 41.1% during the first quarter. Halbert Hargrove Global Advisors LLC now owns 1,202 shares of the exchange traded fund’s stock worth $50,000 after buying an additional 350 shares during the last quarter. Sovereign Financial Group Inc. lifted its holdings in ProShares UltraPro QQQ by 7.6% in the first quarter. Sovereign Financial Group Inc. now owns 7,800 shares of the exchange traded fund’s stock valued at $325,000 after buying an additional 550 shares during the period. Finally, Discipline Wealth Solutions LLC lifted its holdings in ProShares UltraPro QQQ by 53.0% in the first quarter. Discipline Wealth Solutions LLC now owns 79,641 shares of the exchange traded fund’s stock valued at $3,319,000 after buying an additional 27,579 shares during the period.
ProShares UltraPro QQQ Stock Performance
Shares of TQQQ opened at $71.83 on Monday. The firm’s fifty day simple moving average is $73.90 and its two-hundred day simple moving average is $58.75. ProShares UltraPro QQQ has a 12 month low of $37.32 and a 12 month high of $88.09. The stock has a market capitalization of $35.42 billion, a P/E ratio of 38.25 and a beta of 3.71.
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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