50,327 Shares of ProShares UltraPro QQQ $TQQQ Acquired by Variant Private Wealth LLC

Variant Private Wealth LLC acquired a new stake in ProShares UltraPro QQQ (NASDAQ:TQQQ) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 50,327 shares of the exchange traded fund’s stock, valued at approximately $3,927,000. ProShares UltraPro QQQ accounts for approximately 3.5% of Variant Private Wealth LLC’s investment portfolio, making the stock its 11th biggest holding.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ameritas Advisory Services LLC purchased a new stake in ProShares UltraPro QQQ during the 2nd quarter worth approximately $48,000. Princeton Global Asset Management LLC acquired a new stake in ProShares UltraPro QQQ during the first quarter valued at approximately $50,000. Halbert Hargrove Global Advisors LLC raised its stake in ProShares UltraPro QQQ by 41.1% during the first quarter. Halbert Hargrove Global Advisors LLC now owns 1,202 shares of the exchange traded fund’s stock valued at $50,000 after buying an additional 350 shares in the last quarter. Trust Co. of Vermont bought a new position in ProShares UltraPro QQQ during the 2nd quarter worth approximately $58,000. Finally, Anchor Investment Management LLC bought a new stake in shares of ProShares UltraPro QQQ in the 2nd quarter valued at approximately $65,000.

ProShares UltraPro QQQ Price Performance

Shares of NASDAQ TQQQ traded up $2.72 during mid-day trading on Wednesday, hitting $73.13. The company had a trading volume of 33,815,810 shares, compared to its average volume of 77,046,445. The firm’s 50 day simple moving average is $74.47 and its two-hundred day simple moving average is $71.66. The stock has a market cap of $36.16 billion, a price-to-earnings ratio of 38.25 and a beta of 3.71. ProShares UltraPro QQQ has a 12 month low of $37.32 and a 12 month high of $88.09.

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.