Parallel Advisors LLC Lowers Position in ProShares UltraPro QQQ $TQQQ

Parallel Advisors LLC decreased its stake in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 45.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,413 shares of the exchange traded fund’s stock after selling 11,320 shares during the quarter. Parallel Advisors LLC’s holdings in ProShares UltraPro QQQ were worth $559,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. WFA of San Diego LLC purchased a new position in shares of ProShares UltraPro QQQ during the 2nd quarter valued at about $25,000. BOKF NA purchased a new stake in ProShares UltraPro QQQ in the 3rd quarter worth approximately $31,000. CoreCap Advisors LLC increased its holdings 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 worth $31,000 after acquiring an additional 240 shares in the last quarter. Rothschild Investment LLC raised its stake in ProShares UltraPro QQQ by 100.0% during the 4th quarter. Rothschild Investment LLC now owns 700 shares of the exchange traded fund’s stock worth $37,000 after acquiring an additional 350 shares during the period. Finally, Vermillion & White Wealth Management Group LLC raised its stake in ProShares UltraPro QQQ by 100.0% during the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 828 shares of the exchange traded fund’s stock worth $44,000 after acquiring an additional 414 shares during the period.

ProShares UltraPro QQQ Price Performance

Shares of NASDAQ:TQQQ opened at $64.00 on Friday. ProShares UltraPro QQQ has a 1-year low of $37.32 and a 1-year high of $88.09. The firm’s 50 day simple moving average is $76.42 and its two-hundred day simple moving average is $61.39. The company has a market capitalization of $31.09 billion, a P/E ratio of 38.25 and a beta of 3.69.

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.