ProShares UltraPro QQQ $TQQQ Shares Bought by Parallel Advisors LLC

Parallel Advisors LLC grew its stake in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) by 100.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,733 shares of the exchange traded fund’s stock after acquiring an additional 12,379 shares during the period. Parallel Advisors LLC’s holdings in ProShares UltraPro QQQ were worth $1,304,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Howard Capital Management Inc. raised its position in shares of ProShares UltraPro QQQ by 83.6% during the 4th quarter. Howard Capital Management Inc. now owns 8,465,262 shares of the exchange traded fund’s stock worth $446,289,000 after purchasing an additional 3,855,510 shares during the last quarter. Oriental Harbor Investment Master Fund raised its position in shares of ProShares UltraPro QQQ by 100.0% during the 4th quarter. Oriental Harbor Investment Master Fund now owns 2,401,640 shares of the exchange traded fund’s stock worth $126,614,000 after purchasing an additional 1,200,820 shares during the last quarter. Cantor Fitzgerald L. P. raised its position in shares of ProShares UltraPro QQQ by 823.5% during the 3rd quarter. Cantor Fitzgerald L. P. now owns 779,017 shares of the exchange traded fund’s stock worth $80,550,000 after purchasing an additional 694,661 shares during the last quarter. PPSC Investment Service Corp raised its position in shares of ProShares UltraPro QQQ by 116.1% during the 4th quarter. PPSC Investment Service Corp now owns 1,248,785 shares of the exchange traded fund’s stock worth $65,836,000 after purchasing an additional 671,023 shares during the last quarter. Finally, Citigroup Inc. raised its position in shares of ProShares UltraPro QQQ by 3,108.0% during the 3rd quarter. Citigroup Inc. now owns 601,603 shares of the exchange traded fund’s stock worth $62,206,000 after purchasing an additional 621,603 shares during the last quarter.

ProShares UltraPro QQQ Price Performance

Shares of ProShares UltraPro QQQ stock opened at $73.05 on Monday. ProShares UltraPro QQQ has a 1 year low of $35.71 and a 1 year high of $88.09. The company has a market capitalization of $36.02 billion, a P/E ratio of 38.25 and a beta of 3.71. The business has a 50 day moving average price of $64.43 and a 200 day moving average price of $56.17.

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.