Mather Group LLC. Makes New Investment in ProShares UltraPro QQQ $TQQQ

Mather Group LLC. bought a new stake in ProShares UltraPro QQQ (NASDAQ:TQQQ) in the third quarter, Holdings Channel reports. The institutional investor bought 40,950 shares of the exchange traded fund’s stock, valued at approximately $3,195,000.

Other hedge funds have also made changes to their positions in the company. Independent Financial Group LLC purchased a new position in shares of ProShares UltraPro QQQ during the first quarter worth about $12,430,000. IMC Chicago LLC raised its stake in ProShares UltraPro QQQ by 290.6% during the 1st quarter. IMC Chicago LLC now owns 289,517 shares of the exchange traded fund’s stock valued at $12,067,000 after acquiring an additional 215,397 shares during the last quarter. Turner Capital Investments LLC purchased a new stake in ProShares UltraPro QQQ during the 3rd quarter valued at approximately $11,510,000. Ridgepath Capital Management LLC lifted its position in ProShares UltraPro QQQ by 285.4% during the 1st quarter. Ridgepath Capital Management LLC now owns 175,735 shares of the exchange traded fund’s stock worth $7,325,000 after acquiring an additional 130,136 shares during the period. Finally, Corient Private Wealth LLC lifted its position in ProShares UltraPro QQQ by 85.4% during the 4th quarter. Corient Private Wealth LLC now owns 200,040 shares of the exchange traded fund’s stock worth $10,546,000 after acquiring an additional 92,125 shares during the period.

ProShares UltraPro QQQ Trading Down 0.4%

Shares of TQQQ stock opened at $73.82 on Friday. The business’s 50 day moving average is $74.71 and its two-hundred day moving average is $71.05. ProShares UltraPro QQQ has a twelve month low of $37.32 and a twelve month high of $88.09. The company has a market capitalization of $35.89 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.