ProShares UltraPro QQQ $TQQQ Shares Purchased by NewEdge Advisors LLC

NewEdge Advisors LLC raised its holdings in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) by 45.4% in the 1st quarter, HoldingsChannel.com reports. The fund owned 22,275 shares of the exchange traded fund’s stock after purchasing an additional 6,955 shares during the period. NewEdge Advisors LLC’s holdings in ProShares UltraPro QQQ were worth $928,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TQQQ. WFA of San Diego LLC acquired a new stake in shares of ProShares UltraPro QQQ in the second quarter valued at approximately $25,000. BOKF NA purchased a new position in shares of ProShares UltraPro QQQ during the 3rd quarter worth approximately $31,000. Rothschild Investment LLC raised its position in shares of ProShares UltraPro QQQ by 100.0% during the 4th quarter. Rothschild Investment LLC now owns 700 shares of the exchange traded fund’s stock worth $37,000 after purchasing an additional 350 shares during the last quarter. Dogwood Wealth Management LLC acquired a new position in shares of ProShares UltraPro QQQ during the 4th quarter worth approximately $44,000. Finally, Vermillion & White Wealth Management Group LLC lifted its stake in ProShares UltraPro QQQ by 100.0% in the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 828 shares of the exchange traded fund’s stock valued at $44,000 after buying an additional 414 shares in the last quarter.

ProShares UltraPro QQQ Stock Performance

Shares of NASDAQ:TQQQ opened at $72.54 on Wednesday. The business’s fifty day moving average price is $73.23 and its two-hundred day moving average price is $63.33. The stock has a market cap of $36.89 billion, a PE ratio of 38.25 and a beta of 3.71. ProShares UltraPro QQQ has a one year low of $37.32 and a one year high of $88.09.

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.