Fortune Financial Group Inc. bought a new position in ProShares UltraPro QQQ (NASDAQ:TQQQ – Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund bought 11,864 shares of the exchange traded fund’s stock, valued at approximately $691,000.
A number of other large investors have also added to or reduced their stakes in the stock. GWN Securities Inc. grew its position in ProShares UltraPro QQQ by 100.3% in the 4th quarter. GWN Securities Inc. now owns 6,004 shares of the exchange traded fund’s stock worth $317,000 after purchasing an additional 3,007 shares during the period. Cerity Partners LLC grew its position in shares of ProShares UltraPro QQQ by 138.0% during the 4th quarter. Cerity Partners LLC now owns 52,660 shares of the exchange traded fund’s stock valued at $2,776,000 after acquiring an additional 30,534 shares during the period. LPL Financial LLC grew its position in shares of ProShares UltraPro QQQ by 77.1% during the 4th quarter. LPL Financial LLC now owns 255,186 shares of the exchange traded fund’s stock valued at $13,453,000 after acquiring an additional 111,099 shares during the period. Hilton Head Capital Partners LLC bought a new stake in shares of ProShares UltraPro QQQ during the 4th quarter valued at $134,000. Finally, Viewpoint Capital Management LLC grew its position in shares of ProShares UltraPro QQQ by 100.0% during the 4th quarter. Viewpoint Capital Management LLC now owns 14,200 shares of the exchange traded fund’s stock valued at $749,000 after acquiring an additional 7,100 shares during the period.
ProShares UltraPro QQQ Price Performance
Shares of TQQQ stock opened at $69.27 on Thursday. ProShares UltraPro QQQ has a 1 year low of $35.71 and a 1 year high of $88.09. The firm has a fifty day moving average price of $66.45 and a 200-day moving average price of $56.68. The company has a market cap of $34.16 billion, a price-to-earnings 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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