M&T Bank Corp Has $720,000 Position in ProShares UltraPro QQQ $TQQQ

M&T Bank Corp lifted its stake in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 100.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,654 shares of the exchange traded fund’s stock after purchasing an additional 6,827 shares during the period. M&T Bank Corp’s holdings in ProShares UltraPro QQQ were worth $720,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. WFA of San Diego LLC acquired a new stake in shares of ProShares UltraPro QQQ in the second quarter valued at approximately $25,000. CoreCap Advisors LLC increased its holdings 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 in the last quarter. BOKF NA acquired a new stake in shares of ProShares UltraPro QQQ in the third quarter valued at approximately $31,000. Halbert Hargrove Global Advisors LLC increased its holdings in shares of ProShares UltraPro QQQ by 100.0% in the fourth quarter. Halbert Hargrove Global Advisors LLC now owns 852 shares of the exchange traded fund’s stock valued at $45,000 after purchasing an additional 426 shares in the last quarter. Finally, Keystone Financial Group Inc. increased its holdings in shares of ProShares UltraPro QQQ by 100.2% in the fourth quarter. Keystone Financial Group Inc. now owns 1,103 shares of the exchange traded fund’s stock valued at $58,000 after purchasing an additional 552 shares in the last quarter.

ProShares UltraPro QQQ Price Performance

Shares of ProShares UltraPro QQQ stock opened at $76.96 on Tuesday. The firm has a market cap of $37.95 billion, a P/E ratio of 38.25 and a beta of 3.66. The firm has a 50 day simple moving average of $52.15 and a 200 day simple moving average of $52.95. ProShares UltraPro QQQ has a fifty-two week low of $31.93 and a fifty-two week high of $77.36.

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.