Tactive Advisors LLC Has $714,000 Stock Holdings in ProShares UltraPro QQQ $TQQQ

Tactive Advisors LLC grew its stake in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 134.6% in the 1st quarter, Holdings Channel.com reports. The fund owned 17,125 shares of the exchange traded fund’s stock after purchasing an additional 9,825 shares during the quarter. Tactive Advisors LLC’s holdings in ProShares UltraPro QQQ were worth $714,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Howard Capital Management Inc. increased its position in shares of ProShares UltraPro QQQ by 83.6% in the fourth quarter. Howard Capital Management Inc. now owns 8,465,262 shares of the exchange traded fund’s stock valued at $446,289,000 after acquiring an additional 3,855,510 shares during the last quarter. Oriental Harbor Investment Master Fund boosted its position 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 valued at $126,614,000 after purchasing an additional 1,200,820 shares during the last quarter. PPSC Investment Service Corp boosted its position in ProShares UltraPro QQQ by 116.1% during the fourth quarter. PPSC Investment Service Corp now owns 1,248,785 shares of the exchange traded fund’s stock valued at $65,836,000 after purchasing an additional 671,023 shares during the last quarter. McElhenny Sheffield Capital Management LLC grew its stake in ProShares UltraPro QQQ by 77.7% in the fourth quarter. McElhenny Sheffield Capital Management LLC now owns 1,213,489 shares of the exchange traded fund’s stock valued at $63,975,000 after purchasing an additional 530,708 shares in the last quarter. Finally, Cantor Fitzgerald L. P. grew its stake in ProShares UltraPro QQQ by 823.5% in the third quarter. Cantor Fitzgerald L. P. now owns 779,017 shares of the exchange traded fund’s stock valued at $80,550,000 after purchasing an additional 694,661 shares in the last quarter.

ProShares UltraPro QQQ Price Performance

NASDAQ:TQQQ opened at $82.87 on Monday. The firm has a market capitalization of $40.87 billion, a price-to-earnings ratio of 38.25 and a beta of 3.71. ProShares UltraPro QQQ has a twelve month low of $35.71 and a twelve month high of $88.09. The stock’s 50 day moving average price is $71.52 and its two-hundred day moving average price is $58.06.

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.