Kwmg LLC cut its holdings in ProShares UltraPro QQQ (NASDAQ:TQQQ – Free Report) by 64.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,024 shares of the exchange traded fund’s stock after selling 7,343 shares during the period. Kwmg LLC’s holdings in ProShares UltraPro QQQ were worth $314,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Wellington Grp LLC grew its stake in ProShares UltraPro QQQ by 7.0% during the 1st quarter. Wellington Grp LLC now owns 2,108 shares of the exchange traded fund’s stock worth $88,000 after buying an additional 137 shares during the last quarter. Daviman Financial LLC lifted its stake in ProShares UltraPro QQQ by 1.3% in the first quarter. Daviman Financial LLC now owns 13,592 shares of the exchange traded fund’s stock valued at $567,000 after buying an additional 179 shares during the last quarter. Financial Insights Inc. boosted its holdings in shares of ProShares UltraPro QQQ by 3.8% in the first quarter. Financial Insights Inc. now owns 5,333 shares of the exchange traded fund’s stock valued at $222,000 after acquiring an additional 195 shares during the period. Halbert Hargrove Global Advisors LLC boosted its holdings in shares of ProShares UltraPro QQQ by 41.1% in the first quarter. Halbert Hargrove Global Advisors LLC now owns 1,202 shares of the exchange traded fund’s stock valued at $50,000 after acquiring an additional 350 shares during the period. Finally, Strive Financial Group LLC grew its position in shares of ProShares UltraPro QQQ by 28.7% during the second quarter. Strive Financial Group LLC now owns 1,826 shares of the exchange traded fund’s stock worth $147,000 after acquiring an additional 407 shares during the last quarter.
ProShares UltraPro QQQ Trading Down 1.0%
Shares of ProShares UltraPro QQQ stock traded down $0.84 during trading on Wednesday, reaching $83.41. The company’s stock had a trading volume of 28,701,932 shares, compared to its average volume of 78,122,523. The company has a 50-day moving average price of $73.15 and a two-hundred day moving average price of $69.29. ProShares UltraPro QQQ has a fifty-two week low of $37.32 and a fifty-two week high of $88.09. The firm has a market cap of $40.26 billion, a PE ratio of 38.25 and a beta of 3.71.
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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