Smith Chas P & Associates PA Cpas reduced its position in ProShares UltraPro QQQ (NASDAQ:TQQQ – Free Report) by 77.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,127 shares of the exchange traded fund’s stock after selling 10,578 shares during the quarter. Smith Chas P & Associates PA Cpas’ holdings in ProShares UltraPro QQQ were worth $244,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in the company. Ameritas Advisory Services LLC acquired a new position in ProShares UltraPro QQQ during the second quarter worth about $48,000. Trust Co. of Vermont bought a new position in ProShares UltraPro QQQ in the second quarter valued at about $58,000. Anchor Investment Management LLC acquired a new position in shares of ProShares UltraPro QQQ in the second quarter valued at approximately $65,000. POM Investment Strategies LLC bought a new stake in ProShares UltraPro QQQ during the 2nd quarter worth approximately $70,000. Finally, CX Institutional bought a new stake in shares of ProShares UltraPro QQQ in the second quarter worth $88,000.
ProShares UltraPro QQQ Price Performance
ProShares UltraPro QQQ stock opened at $72.61 on Thursday. The firm has a market cap of $36.62 billion, a P/E ratio of 38.25 and a beta of 3.71. The stock’s 50 day moving average is $74.43 and its 200 day moving average is $71.87. ProShares UltraPro QQQ has a one year low of $37.32 and a one year high of $88.09.
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.
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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).
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