Flow Traders U.S. LLC lowered its position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ – Free Report) by 66.2% in the 3rd quarter, HoldingsChannel reports. The firm owned 100,400 shares of the exchange traded fund’s stock after selling 196,513 shares during the quarter. Flow Traders U.S. LLC’s holdings in ProShares UltraPro QQQ were worth $10,381,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. WFA of San Diego LLC purchased a new position in shares of ProShares UltraPro QQQ during the 2nd quarter valued at about $25,000. N.E.W. Advisory Services LLC purchased a new stake in ProShares UltraPro QQQ in the second quarter worth approximately $30,000. BOKF NA purchased a new stake in ProShares UltraPro QQQ in the third quarter worth approximately $31,000. Edmond DE Rothschild Holding S.A. bought a new position in ProShares UltraPro QQQ during the second quarter valued at approximately $42,000. Finally, Halbert Hargrove Global Advisors LLC bought a new position in ProShares UltraPro QQQ during the third quarter valued at approximately $44,000.
ProShares UltraPro QQQ Stock Performance
TQQQ stock opened at $45.93 on Monday. The company has a market capitalization of $24.65 billion, a PE ratio of 38.25 and a beta of 3.46. ProShares UltraPro QQQ has a one year low of $17.50 and a one year high of $60.69. The company’s 50 day moving average price is $51.59 and its two-hundred day moving average price is $52.07.
ProShares UltraPro QQQ Increases Dividend
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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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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