Sowell Financial Services LLC reduced its position in ProShares UltraPro QQQ (NASDAQ:TQQQ – Free Report) by 1.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,817 shares of the exchange traded fund’s stock after selling 350 shares during the period. Sowell Financial Services LLC’s holdings in ProShares UltraPro QQQ were worth $1,645,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in TQQQ. Menard Financial Group LLC acquired a new stake in shares of ProShares UltraPro QQQ during the fourth quarter worth approximately $146,000. Alpha Wealth Funds LLC acquired a new stake in shares of ProShares UltraPro QQQ during the fourth quarter worth approximately $1,878,000. Howard Financial Services LTD. acquired a new stake in shares of ProShares UltraPro QQQ during the first quarter worth approximately $470,000. Parallel Advisors LLC boosted its holdings in shares of ProShares UltraPro QQQ by 5.1% during the first quarter. Parallel Advisors LLC now owns 5,654 shares of the exchange traded fund’s stock worth $324,000 after purchasing an additional 274 shares during the period. Finally, JTC Employer Solutions Trustee Ltd acquired a new stake in shares of ProShares UltraPro QQQ during the first quarter worth approximately $222,000.
ProShares UltraPro QQQ Stock Performance
TQQQ stock opened at $104.72 on Tuesday. The stock has a market cap of $32.27 billion, a P/E ratio of 38.25 and a beta of 3.45. The firm has a 50 day simple moving average of $91.28 and a 200 day simple moving average of $74.00. ProShares UltraPro QQQ has a 52 week low of $35.00 and a 52 week high of $105.08.
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.
Recommended Stories
- Five stocks we like better than ProShares UltraPro QQQ
- Canada Bond Market Holiday: How to Invest and Trade
- How The Weak Dollar Is Fueling These Global Stock Surges
- Using the MarketBeat Stock Split Calculator
- 3 Recession-Ready Stocks That Thrive When the Economy Sputters
- 3 Monster Growth Stocks to Buy Now
- 3 Automation-Focused Stocks Flying Under the Radar
Want to see what other hedge funds are holding TQQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ProShares UltraPro QQQ (NASDAQ:TQQQ – Free Report).
Receive News & Ratings for ProShares UltraPro QQQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares UltraPro QQQ and related companies with MarketBeat.com's FREE daily email newsletter.
