LM Advisors LLC Sells 9,925 Shares of ProShares UltraPro QQQ $TQQQ

LM Advisors LLC lowered its holdings in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 89.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,110 shares of the exchange traded fund’s stock after selling 9,925 shares during the period. LM Advisors LLC’s holdings in ProShares UltraPro QQQ were worth $59,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Merit Financial Group LLC raised its position in shares of ProShares UltraPro QQQ by 2.1% in the third quarter. Merit Financial Group LLC now owns 7,642 shares of the exchange traded fund’s stock valued at $790,000 after purchasing an additional 158 shares during the period. Rodgers & Associates LTD raised its position in shares of ProShares UltraPro QQQ by 4.8% in the fourth quarter. Rodgers & Associates LTD now owns 4,404 shares of the exchange traded fund’s stock valued at $232,000 after purchasing an additional 202 shares during the period. CoreCap Advisors LLC raised its position in shares of ProShares UltraPro QQQ by 69.8% in the fourth quarter. CoreCap Advisors LLC now owns 584 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 240 shares during the period. Richmond Brothers Inc. boosted its position in shares of ProShares UltraPro QQQ by 2.4% in the third quarter. Richmond Brothers Inc. now owns 10,588 shares of the exchange traded fund’s stock valued at $1,095,000 after acquiring an additional 253 shares during the period. Finally, IFP Advisors Inc boosted its position in shares of ProShares UltraPro QQQ by 25.7% in the fourth quarter. IFP Advisors Inc now owns 1,388 shares of the exchange traded fund’s stock valued at $73,000 after acquiring an additional 284 shares during the period.

ProShares UltraPro QQQ Trading Up 2.0%

TQQQ stock opened at $77.52 on Friday. The firm has a 50 day moving average of $67.83 and a 200-day moving average of $57.03. ProShares UltraPro QQQ has a 12 month low of $35.71 and a 12 month high of $88.09. The firm has a market capitalization of $38.23 billion, a P/E 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.