Fortune Financial Group Inc. Takes $691,000 Position in ProShares UltraPro QQQ $TQQQ

Fortune Financial Group Inc. acquired a new stake in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 11,864 shares of the exchange traded fund’s stock, valued at approximately $691,000.

A number of other hedge funds have also recently modified their holdings of the business. Howard Capital Management Inc. lifted its stake 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 valued at $446,289,000 after buying an additional 3,855,510 shares in the last quarter. Oriental Harbor Investment Master Fund lifted its stake 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 valued at $126,614,000 after buying an additional 1,200,820 shares in the last quarter. Cantor Fitzgerald L. P. lifted its stake 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 valued at $80,550,000 after buying an additional 694,661 shares in the last quarter. PPSC Investment Service Corp lifted its stake 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 valued at $65,836,000 after buying an additional 671,023 shares in the last quarter. Finally, Citigroup Inc. lifted its stake 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 valued at $62,206,000 after buying an additional 621,603 shares in the last quarter.

ProShares UltraPro QQQ Stock Performance

TQQQ opened at $69.27 on Thursday. ProShares UltraPro QQQ has a fifty-two week low of $35.71 and a fifty-two week high of $88.09. The firm’s fifty day moving average is $66.45 and its 200 day moving average is $56.68. The stock has a market cap of $34.16 billion, a price-to-earnings ratio of 38.25 and a beta of 3.71.

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.