Kwmg LLC Sells 7,343 Shares of ProShares UltraPro QQQ $TQQQ

Kwmg LLC cut its stake in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) by 64.6% in the 3rd quarter, Holdings Channel reports. The fund owned 4,024 shares of the exchange traded fund’s stock after selling 7,343 shares during the quarter. Kwmg LLC’s holdings in ProShares UltraPro QQQ were worth $314,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in TQQQ. PPSC Investment Service Corp increased its holdings in shares of ProShares UltraPro QQQ by 2.5% in the first quarter. PPSC Investment Service Corp now owns 1,279,774 shares of the exchange traded fund’s stock valued at $53,341,000 after purchasing an additional 30,989 shares during the period. Independent Financial Group LLC purchased a new position in ProShares UltraPro QQQ in the 1st quarter valued at $12,430,000. Group One Trading LLC grew its position in ProShares UltraPro QQQ by 5.9% in the 1st quarter. Group One Trading LLC now owns 295,031 shares of the exchange traded fund’s stock valued at $12,297,000 after buying an additional 16,405 shares during the last quarter. IMC Chicago LLC increased its stake in ProShares UltraPro QQQ by 290.6% in the 1st quarter. IMC Chicago LLC now owns 289,517 shares of the exchange traded fund’s stock valued at $12,067,000 after buying an additional 215,397 shares during the period. Finally, Corient Private Wealth LLC increased its stake in ProShares UltraPro QQQ by 85.4% in the 4th quarter. Corient Private Wealth LLC now owns 200,040 shares of the exchange traded fund’s stock valued at $10,546,000 after buying an additional 92,125 shares during the period.

ProShares UltraPro QQQ Stock Performance

ProShares UltraPro QQQ stock traded down $0.84 during trading hours on Wednesday, reaching $83.41. 28,701,932 shares of the stock were exchanged, compared to its average volume of 78,122,523. The stock has a market cap of $40.26 billion, a P/E ratio of 38.25 and a beta of 3.71. ProShares UltraPro QQQ has a 52-week low of $37.32 and a 52-week high of $88.09. The firm’s 50 day moving average is $73.15 and its 200 day moving average is $69.29.

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.