Foundations Investment Advisors LLC Raises Stake in ProShares UltraPro QQQ $TQQQ

Foundations Investment Advisors LLC boosted its position in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 82.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 13,384 shares of the exchange traded fund’s stock after purchasing an additional 6,030 shares during the period. Foundations Investment Advisors LLC’s holdings in ProShares UltraPro QQQ were worth $706,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. WFA of San Diego LLC purchased a new stake in ProShares UltraPro QQQ in the second quarter worth approximately $25,000. BOKF NA purchased a new stake in shares of ProShares UltraPro QQQ during the third quarter valued at approximately $31,000. CoreCap Advisors LLC boosted its stake 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 period. Dogwood Wealth Management LLC purchased a new stake in shares of ProShares UltraPro QQQ during the fourth quarter valued at approximately $44,000. Finally, Halbert Hargrove Global Advisors LLC boosted its stake in shares of ProShares UltraPro QQQ by 100.0% during the fourth quarter. Halbert Hargrove Global Advisors LLC now owns 852 shares of the exchange traded fund’s stock valued at $45,000 after purchasing an additional 426 shares during the period.

ProShares UltraPro QQQ Stock Performance

NASDAQ:TQQQ opened at $86.04 on Tuesday. The firm has a market cap of $42.43 billion, a PE ratio of 38.25 and a beta of 3.66. ProShares UltraPro QQQ has a fifty-two week low of $34.35 and a fifty-two week high of $87.06. The business has a 50 day moving average price of $61.29 and a 200-day moving average price of $55.32.

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.