Fulton Bank N.A. Buys 13,040 Shares of ProShares UltraPro QQQ $TQQQ

Fulton Bank N.A. boosted its stake in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 100.0% in the fourth quarter, Holdings Channel reports. The firm owned 26,080 shares of the exchange traded fund’s stock after purchasing an additional 13,040 shares during the quarter. Fulton Bank N.A.’s holdings in ProShares UltraPro QQQ were worth $1,375,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. 25 LLC increased its holdings in ProShares UltraPro QQQ by 1.5% in the 3rd quarter. 25 LLC now owns 9,228 shares of the exchange traded fund’s stock valued at $954,000 after buying an additional 135 shares during the period. Millington Financial Advisors LLC raised its position in shares of ProShares UltraPro QQQ by 1.4% in the 3rd quarter. Millington Financial Advisors LLC now owns 11,327 shares of the exchange traded fund’s stock valued at $1,169,000 after buying an additional 157 shares in the last quarter. Merit Financial Group LLC lifted its holdings in shares of ProShares UltraPro QQQ by 2.1% during the 3rd quarter. Merit Financial Group LLC now owns 7,642 shares of the exchange traded fund’s stock worth $790,000 after acquiring an additional 158 shares during the period. MRP Capital Investments LLC lifted its holdings in shares of ProShares UltraPro QQQ by 50.0% during the 2nd quarter. MRP Capital Investments LLC now owns 750 shares of the exchange traded fund’s stock worth $62,000 after acquiring an additional 250 shares during the period. Finally, Richmond Brothers Inc. boosted its position in shares of ProShares UltraPro QQQ by 2.4% during the 3rd quarter. Richmond Brothers Inc. now owns 10,588 shares of the exchange traded fund’s stock worth $1,095,000 after acquiring an additional 253 shares in the last quarter.

ProShares UltraPro QQQ Price Performance

Shares of NASDAQ:TQQQ opened at $44.57 on Tuesday. ProShares UltraPro QQQ has a 1 year low of $17.50 and a 1 year high of $60.69. The stock has a market capitalization of $23.92 billion, a price-to-earnings ratio of 38.25 and a beta of 3.46. The company’s 50 day simple moving average is $50.50 and its 200 day simple moving average is $52.11.

ProShares UltraPro QQQ 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.