Intrua Financial LLC Raises Position in ProShares UltraPro QQQ $TQQQ

Intrua Financial LLC raised its stake in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 222.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 21,559 shares of the exchange traded fund’s stock after buying an additional 14,880 shares during the quarter. Intrua Financial LLC’s holdings in ProShares UltraPro QQQ were worth $1,137,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of TQQQ. Howard Capital Management Inc. raised its stake 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 worth $446,289,000 after purchasing an additional 3,855,510 shares during the last quarter. Oriental Harbor Investment Master Fund raised its stake in shares of ProShares UltraPro QQQ by 100.0% in the fourth quarter. Oriental Harbor Investment Master Fund now owns 2,401,640 shares of the exchange traded fund’s stock worth $126,614,000 after purchasing an additional 1,200,820 shares during the last quarter. Cantor Fitzgerald L. P. raised its stake in shares of 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 worth $80,550,000 after purchasing an additional 694,661 shares during the last quarter. PPSC Investment Service Corp raised its stake in shares of ProShares UltraPro QQQ by 116.1% in the fourth quarter. PPSC Investment Service Corp now owns 1,248,785 shares of the exchange traded fund’s stock worth $65,836,000 after purchasing an additional 671,023 shares during the last quarter. Finally, Citigroup Inc. raised its stake in shares of ProShares UltraPro QQQ by 3,108.0% in the third quarter. Citigroup Inc. now owns 601,603 shares of the exchange traded fund’s stock worth $62,206,000 after purchasing an additional 621,603 shares during the last quarter.

ProShares UltraPro QQQ Stock Down 1.4%

Shares of ProShares UltraPro QQQ stock opened at $74.32 on Tuesday. The company has a market cap of $36.65 billion, a PE ratio of 38.25 and a beta of 3.66. ProShares UltraPro QQQ has a 52 week low of $32.43 and a 52 week high of $79.68. The business has a 50 day moving average price of $54.81 and a 200-day moving average price of $53.67.

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.