70,700 Shares in ProShares UltraPro QQQ (NASDAQ:TQQQ) Bought by TB Alternative Assets Ltd.

TB Alternative Assets Ltd. acquired a new position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) in the 1st quarter, HoldingsChannel.com reports. The fund acquired 70,700 shares of the exchange traded fund’s stock, valued at approximately $4,352,000. ProShares UltraPro QQQ accounts for about 1.1% of TB Alternative Assets Ltd.’s portfolio, making the stock its 22nd largest position.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TQQQ. Flagstar Advisors Inc. raised its holdings in shares of ProShares UltraPro QQQ by 0.4% in the fourth quarter. Flagstar Advisors Inc. now owns 53,439 shares of the exchange traded fund’s stock worth $2,709,000 after acquiring an additional 233 shares during the last quarter. Wealthspire Advisors LLC raised its holdings in shares of ProShares UltraPro QQQ by 3.8% in the fourth quarter. Wealthspire Advisors LLC now owns 7,569 shares of the exchange traded fund’s stock worth $384,000 after acquiring an additional 279 shares during the last quarter. Millington Financial Advisors LLC raised its holdings in shares of ProShares UltraPro QQQ by 2.3% in the fourth quarter. Millington Financial Advisors LLC now owns 18,148 shares of the exchange traded fund’s stock worth $920,000 after acquiring an additional 412 shares during the last quarter. Signaturefd LLC raised its holdings in shares of ProShares UltraPro QQQ by 9.6% in the fourth quarter. Signaturefd LLC now owns 4,798 shares of the exchange traded fund’s stock worth $243,000 after acquiring an additional 422 shares during the last quarter. Finally, Sandy Spring Bank raised its holdings in shares of ProShares UltraPro QQQ by 1,113.0% in the fourth quarter. Sandy Spring Bank now owns 558 shares of the exchange traded fund’s stock worth $28,000 after acquiring an additional 512 shares during the last quarter.

ProShares UltraPro QQQ Stock Performance

Shares of NASDAQ TQQQ traded up $0.18 during trading on Wednesday, reaching $74.46. The company had a trading volume of 35,585,203 shares, compared to its average volume of 65,255,191. ProShares UltraPro QQQ has a twelve month low of $30.47 and a twelve month high of $77.72. The stock has a 50-day moving average price of $63.01 and a two-hundred day moving average price of $58.42.

ProShares UltraPro QQQ Company 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.