IMC Chicago LLC Buys 215,397 Shares of ProShares UltraPro QQQ $TQQQ

IMC Chicago LLC grew its stake in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 290.6% in the 1st quarter, Holdings Channel reports. The firm owned 289,517 shares of the exchange traded fund’s stock after purchasing an additional 215,397 shares during the period. IMC Chicago LLC’s holdings in ProShares UltraPro QQQ were worth $12,067,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Daviman Financial LLC increased its position in shares of ProShares UltraPro QQQ by 1.3% during the first quarter. Daviman Financial LLC now owns 13,592 shares of the exchange traded fund’s stock valued at $567,000 after buying an additional 179 shares during the period. Rodgers & Associates LTD raised its stake in 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 worth $232,000 after buying an additional 202 shares in the last quarter. CoreCap Advisors LLC lifted its holdings in ProShares UltraPro QQQ by 69.8% in the fourth quarter. CoreCap Advisors LLC now owns 584 shares of the exchange traded fund’s stock worth $31,000 after buying an additional 240 shares during the period. IFP Advisors Inc lifted its holdings in 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 worth $73,000 after buying an additional 284 shares during the period. Finally, BOKF NA boosted its position in ProShares UltraPro QQQ by 100.0% during the 4th quarter. BOKF NA now owns 600 shares of the exchange traded fund’s stock valued at $32,000 after acquiring an additional 300 shares in the last quarter.

ProShares UltraPro QQQ Stock Performance

TQQQ stock opened at $74.44 on Thursday. ProShares UltraPro QQQ has a fifty-two week low of $37.32 and a fifty-two week high of $88.09. The business’s 50 day moving average price is $77.48 and its two-hundred day moving average price is $60.72. The company has a market capitalization of $35.79 billion, a price-to-earnings ratio of 38.25 and a beta of 3.69.

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.