Millington Financial Advisors LLC Increases Stock Position in ProShares UltraPro QQQ $TQQQ

Millington Financial Advisors LLC lifted its position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) by 72.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,505 shares of the exchange traded fund’s stock after buying an additional 8,178 shares during the period. Millington Financial Advisors LLC’s holdings in ProShares UltraPro QQQ were worth $987,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Integrated Wealth Concepts LLC raised its holdings in ProShares UltraPro QQQ by 19.2% in the first quarter. Integrated Wealth Concepts LLC now owns 4,971 shares of the exchange traded fund’s stock valued at $285,000 after buying an additional 799 shares during the period. Goldman Sachs Group Inc. grew its stake in ProShares UltraPro QQQ by 4,237.0% during the first quarter. Goldman Sachs Group Inc. now owns 520,444 shares of the exchange traded fund’s stock worth $29,821,000 after buying an additional 508,444 shares during the period. Focus Partners Wealth grew its stake in ProShares UltraPro QQQ by 30.8% during the first quarter. Focus Partners Wealth now owns 10,954 shares of the exchange traded fund’s stock worth $628,000 after buying an additional 2,578 shares during the period. JPMorgan Chase & Co. grew its stake in ProShares UltraPro QQQ by 11.4% during the second quarter. JPMorgan Chase & Co. now owns 19,570 shares of the exchange traded fund’s stock worth $1,624,000 after buying an additional 2,002 shares during the period. Finally, Cerity Partners LLC grew its stake in ProShares UltraPro QQQ by 11.4% during the second quarter. Cerity Partners LLC now owns 30,865 shares of the exchange traded fund’s stock worth $2,562,000 after buying an additional 3,158 shares during the period.

ProShares UltraPro QQQ Stock Down 0.3%

TQQQ opened at $81.67 on Thursday. ProShares UltraPro QQQ has a 52-week low of $33.52 and a 52-week high of $82.91. The company has a 50 day moving average of $59.01 and a two-hundred day moving average of $54.69. The company has a market cap of $40.28 billion, a P/E ratio of 38.25 and a beta of 3.66.

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. ProShare Advisors LLC (ProShare Advisors) provides the investment advisory and management services for the Fund.