ProShares UltraPro QQQ $TQQQ Shares Purchased by Richmond Brothers Inc.

Richmond Brothers Inc. increased its holdings in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) by 97.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,952 shares of the exchange traded fund’s stock after acquiring an additional 10,364 shares during the quarter. ProShares UltraPro QQQ makes up approximately 0.7% of Richmond Brothers Inc.’s holdings, making the stock its 23rd biggest holding. Richmond Brothers Inc.’s holdings in ProShares UltraPro QQQ were worth $1,105,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of TQQQ. Howard Capital Management Inc. raised its stake in ProShares UltraPro QQQ by 83.6% during the fourth quarter. Howard Capital Management Inc. now owns 8,465,262 shares of the exchange traded fund’s stock worth $446,289,000 after acquiring an additional 3,855,510 shares during the period. Oriental Harbor Investment Master Fund raised its stake in ProShares UltraPro QQQ by 100.0% during the fourth quarter. Oriental Harbor Investment Master Fund now owns 2,401,640 shares of the exchange traded fund’s stock worth $126,614,000 after acquiring an additional 1,200,820 shares during the period. Cantor Fitzgerald L. P. raised its stake in ProShares UltraPro QQQ by 823.5% during the third quarter. Cantor Fitzgerald L. P. now owns 779,017 shares of the exchange traded fund’s stock worth $80,550,000 after acquiring an additional 694,661 shares during the period. PPSC Investment Service Corp grew its position in ProShares UltraPro QQQ by 116.1% in the 4th quarter. PPSC Investment Service Corp now owns 1,248,785 shares of the exchange traded fund’s stock worth $65,836,000 after purchasing an additional 671,023 shares during the last quarter. Finally, Citigroup Inc. grew its position in ProShares UltraPro QQQ by 3,108.0% in the 3rd quarter. Citigroup Inc. now owns 601,603 shares of the exchange traded fund’s stock worth $62,206,000 after purchasing an additional 621,603 shares during the last quarter.

ProShares UltraPro QQQ Trading Up 9.7%

NASDAQ TQQQ opened at $76.01 on Friday. ProShares UltraPro QQQ has a 52 week low of $35.71 and a 52 week high of $88.09. The stock has a market cap of $37.48 billion, a price-to-earnings ratio of 38.25 and a beta of 3.71. The company has a 50-day moving average price of $67.14 and a two-hundred day moving average price of $56.89.

ProShares UltraPro QQQ 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.