ProShares UltraPro QQQ $TQQQ Holdings Increased by PPSC Investment Service Corp

PPSC Investment Service Corp grew its stake in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 2.5% in the 1st quarter, Holdings Channel.com reports. The firm owned 1,279,774 shares of the exchange traded fund’s stock after purchasing an additional 30,989 shares during the period. ProShares UltraPro QQQ comprises approximately 4.2% of PPSC Investment Service Corp’s holdings, making the stock its 5th largest position. PPSC Investment Service Corp’s holdings in ProShares UltraPro QQQ were worth $53,341,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Princeton Global Asset Management LLC bought a new stake in ProShares UltraPro QQQ in the first quarter worth $50,000. Hilton Head Capital Partners LLC boosted its stake in ProShares UltraPro QQQ by 101.0% during the first quarter. Hilton Head Capital Partners LLC now owns 5,126 shares of the exchange traded fund’s stock worth $214,000 after buying an additional 2,576 shares during the period. Surience Private Wealth LLC bought a new position in ProShares UltraPro QQQ during the first quarter valued at $552,000. Halbert Hargrove Global Advisors LLC increased its position 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 valued at $50,000 after acquiring an additional 350 shares during the last quarter. Finally, Sovereign Financial Group Inc. raised its stake in shares of 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 acquiring an additional 550 shares during the period.

ProShares UltraPro QQQ Trading Up 7.5%

ProShares UltraPro QQQ stock opened at $77.19 on Tuesday. The firm has a 50-day moving average price of $74.32 and a 200-day moving average price of $58.90. The firm has a market capitalization of $38.07 billion, a PE ratio of 38.25 and a beta of 3.71. ProShares UltraPro QQQ has a 12-month low of $37.32 and a 12-month high of $88.09.

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.