HighTower Advisors LLC lifted its stake in ProShares UltraPro QQQ (NASDAQ:TQQQ – Free Report) by 126.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,172 shares of the exchange traded fund’s stock after buying an additional 11,802 shares during the quarter. HighTower Advisors LLC’s holdings in ProShares UltraPro QQQ were worth $1,116,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of the stock. WFA of San Diego LLC acquired a new position in ProShares UltraPro QQQ in the 2nd quarter valued at $25,000. BOKF NA acquired a new position in ProShares UltraPro QQQ in the 3rd quarter valued at $31,000. CoreCap Advisors LLC raised its stake in ProShares UltraPro QQQ by 69.8% in the 4th 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 last quarter. Dogwood Wealth Management LLC acquired a new position in ProShares UltraPro QQQ in the 4th quarter valued at $44,000. Finally, Halbert Hargrove Global Advisors LLC raised its stake in ProShares UltraPro QQQ by 100.0% in the 4th 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 last quarter.
ProShares UltraPro QQQ Stock Performance
NASDAQ:TQQQ opened at $85.22 on Friday. ProShares UltraPro QQQ has a one year low of $35.65 and a one year high of $88.09. The stock has a market cap of $42.03 billion, a PE ratio of 38.25 and a beta of 3.71. The stock has a 50 day moving average price of $63.85 and a 200 day moving average price of $56.01.
About ProShares UltraPro QQQ
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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