Millington Financial Advisors LLC Grows Position in ProShares UltraPro QQQ $TQQQ

Millington Financial Advisors LLC grew its stake in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) by 72.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 19,505 shares of the exchange traded fund’s stock after buying an additional 8,178 shares during the period. Millington Financial Advisors LLC’s holdings in ProShares UltraPro QQQ were worth $987,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Sherman Wealth Management LLC purchased a new position in ProShares UltraPro QQQ during the fourth quarter worth $2,249,000. Paragon Advisors LLC grew its position in shares of ProShares UltraPro QQQ by 104.6% in the fourth quarter. Paragon Advisors LLC now owns 146,543 shares of the exchange traded fund’s stock valued at $7,726,000 after purchasing an additional 74,933 shares during the period. Spire Wealth Management grew its position in shares of ProShares UltraPro QQQ by 4,456.0% in the fourth quarter. Spire Wealth Management now owns 28,657 shares of the exchange traded fund’s stock valued at $1,511,000 after purchasing an additional 28,028 shares during the period. MFG Wealth Management Inc. increased its stake in ProShares UltraPro QQQ by 98.3% in the fourth quarter. MFG Wealth Management Inc. now owns 67,453 shares of the exchange traded fund’s stock valued at $3,556,000 after purchasing an additional 33,442 shares during the last quarter. Finally, Diversified Trust Co. increased its stake in ProShares UltraPro QQQ by 100.0% in the fourth quarter. Diversified Trust Co. now owns 110,000 shares of the exchange traded fund’s stock valued at $5,799,000 after purchasing an additional 55,000 shares during the last quarter.

ProShares UltraPro QQQ Trading Down 0.3%

ProShares UltraPro QQQ stock opened at $81.67 on Thursday. The firm has a market capitalization of $40.28 billion, a P/E ratio of 38.25 and a beta of 3.66. The stock has a fifty day moving average price of $59.01 and a 200 day moving average price of $54.69. ProShares UltraPro QQQ has a 52 week low of $33.52 and a 52 week high of $82.91.

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.