PPSC Investment Service Corp lifted its stake in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ – Free Report) by 5.8% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,497,357 shares of the exchange traded fund’s stock after purchasing an additional 82,599 shares during the quarter. ProShares UltraPro QQQ accounts for approximately 7.0% of PPSC Investment Service Corp’s investment portfolio, making the stock its 5th biggest holding. PPSC Investment Service Corp’s holdings in ProShares UltraPro QQQ were worth $116,839,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in TQQQ. Ameritas Advisory Services LLC purchased a new stake in shares of ProShares UltraPro QQQ during the second quarter valued at $48,000. Princeton Global Asset Management LLC purchased a new position in ProShares UltraPro QQQ in the 1st quarter worth $50,000. Trust Co. of Vermont purchased a new position in ProShares UltraPro QQQ in the 2nd quarter worth $58,000. Latitude Advisors LLC purchased a new position in ProShares UltraPro QQQ in the 3rd quarter worth $62,000. Finally, Anchor Investment Management LLC acquired a new stake in ProShares UltraPro QQQ during the 2nd quarter worth about $65,000.
ProShares UltraPro QQQ Stock Performance
Shares of TQQQ opened at $71.04 on Wednesday. The stock has a 50-day moving average of $73.82 and a two-hundred day moving average of $65.25. The stock has a market cap of $36.21 billion, a P/E ratio of 38.25 and a beta of 3.71. ProShares UltraPro QQQ has a one year low of $37.32 and a one year high of $88.09.
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.
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Want to see what other hedge funds are holding TQQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ProShares UltraPro QQQ (NASDAQ:TQQQ – Free Report).
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