Global Assets Advisory LLC Grows Stock Holdings in ProShares UltraPro QQQ $TQQQ

Global Assets Advisory LLC increased its stake in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) by 202.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,327 shares of the exchange traded fund’s stock after purchasing an additional 8,924 shares during the period. Global Assets Advisory LLC’s holdings in ProShares UltraPro QQQ were worth $703,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Merit Financial Group LLC raised its holdings in shares of ProShares UltraPro QQQ by 2.1% during the third quarter. Merit Financial Group LLC now owns 7,642 shares of the exchange traded fund’s stock valued at $790,000 after purchasing an additional 158 shares during the last quarter. Rodgers & Associates LTD raised its holdings in shares of ProShares UltraPro QQQ by 4.8% during the fourth quarter. Rodgers & Associates LTD now owns 4,404 shares of the exchange traded fund’s stock valued at $232,000 after purchasing an additional 202 shares during the last quarter. CoreCap Advisors LLC raised its holdings in shares of ProShares UltraPro QQQ by 69.8% during the fourth quarter. CoreCap Advisors LLC now owns 584 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 240 shares during the last quarter. Richmond Brothers Inc. raised its holdings in shares of ProShares UltraPro QQQ by 2.4% during the third quarter. Richmond Brothers Inc. now owns 10,588 shares of the exchange traded fund’s stock valued at $1,095,000 after purchasing an additional 253 shares during the last quarter. Finally, IFP Advisors Inc grew its position in ProShares UltraPro QQQ by 25.7% during the fourth quarter. IFP Advisors Inc now owns 1,388 shares of the exchange traded fund’s stock valued at $73,000 after buying an additional 284 shares during the period.

ProShares UltraPro QQQ Stock Performance

Shares of NASDAQ TQQQ opened at $77.84 on Tuesday. The firm has a 50 day moving average of $57.60 and a 200 day moving average of $54.31. The firm has a market capitalization of $38.39 billion, a price-to-earnings ratio of 38.25 and a beta of 3.66. ProShares UltraPro QQQ has a 12-month low of $32.43 and a 12-month high of $79.68.

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.