Citizens Financial Group Inc. RI Has $1.27 Million Stake in ProShares UltraPro QQQ $TQQQ

Citizens Financial Group Inc. RI increased its position in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 202.5% in the fourth quarter, HoldingsChannel reports. The firm owned 24,122 shares of the exchange traded fund’s stock after acquiring an additional 16,148 shares during the period. Citizens Financial Group Inc. RI’s holdings in ProShares UltraPro QQQ were worth $1,272,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Millington Financial Advisors LLC boosted its stake in ProShares UltraPro QQQ by 1.4% in the 3rd quarter. Millington Financial Advisors LLC now owns 11,327 shares of the exchange traded fund’s stock worth $1,169,000 after purchasing an additional 157 shares during the period. Merit Financial Group LLC boosted its holdings in shares of ProShares UltraPro QQQ by 2.1% during the third quarter. Merit Financial Group LLC now owns 7,642 shares of the exchange traded fund’s stock worth $790,000 after purchasing an additional 158 shares during the period. Rodgers & Associates LTD boosted its holdings in shares of ProShares UltraPro QQQ by 4.8% during the fourth quarter. Rodgers & Associates LTD now owns 4,404 shares of the exchange traded fund’s stock worth $232,000 after purchasing an additional 202 shares during the period. CoreCap Advisors LLC boosted its holdings in shares of ProShares UltraPro QQQ by 69.8% during the fourth quarter. CoreCap Advisors LLC now owns 584 shares of the exchange traded fund’s stock worth $31,000 after purchasing an additional 240 shares during the period. Finally, Richmond Brothers Inc. boosted its holdings in shares of ProShares UltraPro QQQ by 2.4% during the third quarter. Richmond Brothers Inc. now owns 10,588 shares of the exchange traded fund’s stock worth $1,095,000 after purchasing an additional 253 shares during the period.

ProShares UltraPro QQQ Stock Performance

TQQQ stock opened at $65.30 on Friday. The stock has a market cap of $32.41 billion, a P/E ratio of 38.25 and a beta of 3.53. The firm has a 50 day simple moving average of $49.87 and a 200 day simple moving average of $52.23. ProShares UltraPro QQQ has a 52 week low of $27.54 and a 52 week high of $65.84.

ProShares UltraPro QQQ 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.