270,651 ProShares UltraPro QQQ $TQQQ Shares Acquired by Paragon Advisors LLC

Paragon Advisors LLC lifted its holdings in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 109.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 516,930 shares of the exchange traded fund’s stock after acquiring an additional 270,651 shares during the quarter. ProShares UltraPro QQQ accounts for 7.4% of Paragon Advisors LLC’s holdings, making the stock its 3rd biggest position. Paragon Advisors LLC owned approximately 0.10% of ProShares UltraPro QQQ worth $40,336,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TQQQ. Ameritas Advisory Services LLC purchased a new position in shares of ProShares UltraPro QQQ during the second quarter worth $48,000. Trust Co. of Vermont purchased a new stake in shares of ProShares UltraPro QQQ in the second quarter worth about $58,000. Latitude Advisors LLC purchased a new stake in shares of ProShares UltraPro QQQ in the third quarter worth about $62,000. Anchor Investment Management LLC acquired a new stake in ProShares UltraPro QQQ during the second quarter worth about $65,000. Finally, POM Investment Strategies LLC acquired a new stake in ProShares UltraPro QQQ during the second quarter worth about $70,000.

ProShares UltraPro QQQ Stock Performance

Shares of TQQQ stock opened at $52.25 on Monday. The stock has a 50 day moving average of $72.20 and a 200 day moving average of $65.52. The stock has a market cap of $28.18 billion, a P/E ratio of 38.25 and a beta of 3.73. ProShares UltraPro QQQ has a twelve month low of $37.32 and a twelve month 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.