StoneX Group Inc. Makes New Investment in ProShares UltraPro QQQ $TQQQ

StoneX Group Inc. purchased a new stake in ProShares UltraPro QQQ (NASDAQ:TQQQ) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 11,843 shares of the exchange traded fund’s stock, valued at approximately $856,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. PPSC Investment Service Corp boosted its holdings in shares of ProShares UltraPro QQQ by 5.8% in the third quarter. PPSC Investment Service Corp now owns 1,497,357 shares of the exchange traded fund’s stock valued at $116,839,000 after buying an additional 82,599 shares during the period. Vestia Personal Wealth Advisors boosted its stake in ProShares UltraPro QQQ by 100.7% in the 3rd quarter. Vestia Personal Wealth Advisors now owns 310,000 shares of the exchange traded fund’s stock worth $24,189,000 after purchasing an additional 155,556 shares during the period. Independent Financial Group LLC acquired a new position in ProShares UltraPro QQQ in the 1st quarter worth $12,430,000. Group One Trading LLC increased its holdings in ProShares UltraPro QQQ by 5.9% during the 1st quarter. Group One Trading LLC now owns 295,031 shares of the exchange traded fund’s stock worth $12,297,000 after purchasing an additional 16,405 shares in the last quarter. Finally, IMC Chicago LLC increased its holdings in ProShares UltraPro QQQ by 290.6% during the 1st quarter. IMC Chicago LLC now owns 289,517 shares of the exchange traded fund’s stock worth $12,067,000 after purchasing an additional 215,397 shares in the last quarter.

ProShares UltraPro QQQ Price Performance

TQQQ opened at $56.56 on Wednesday. The business’s 50-day moving average price is $71.61 and its two-hundred day moving average price is $65.56. ProShares UltraPro QQQ has a 1 year low of $37.32 and a 1 year high of $88.09. The company has a market capitalization of $30.50 billion, a price-to-earnings ratio of 38.25 and a beta of 3.75.

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.