117,997 ProShares UltraPro QQQ $TQQQ Shares Bought by International Assets Investment Management LLC

Key Points

• International Assets Investment Management LLC increased its TQQQ holdings by 3,657.7% in the third quarter, purchasing 117,997 additional shares. Its position totaled 121,223 shares valued at approximately $9.46 million at quarter-end.
• Several other institutional investors also expanded their positions, including Vestia Personal Wealth Advisors, which more than doubled its stake, and IMC Chicago LLC, which increased its holdings by 290.6%.
• TQQQ opened at $62.01, down 10.5%, with a 12-month trading range of $37.32 to $88.09. The ETF seeks to deliver three times the daily performance of the Nasdaq-100, making it a highly leveraged investment with a beta of 3.71.

International Assets Investment Management LLC increased its holdings in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 3,657.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 121,223 shares of the exchange traded fund's stock after acquiring an additional 117,997 shares during the period. International Assets Investment Management LLC's holdings in ProShares UltraPro QQQ were worth $9,459,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. PPSC Investment Service Corp boosted its stake in ProShares UltraPro QQQ by 5.8% during the 3rd quarter. PPSC Investment Service Corp now owns 1,497,357 shares of the exchange traded fund's stock valued at $116,839,000 after purchasing an additional 82,599 shares during the last quarter. Vestia Personal Wealth Advisors raised its stake in shares of ProShares UltraPro QQQ by 100.7% in the third quarter. Vestia Personal Wealth Advisors now owns 310,000 shares of the exchange traded fund's stock worth $24,189,000 after purchasing an additional 155,556 shares during the last quarter. Independent Financial Group LLC bought a new position in shares of ProShares UltraPro QQQ in the first quarter valued at approximately $12,430,000. Group One Trading LLC lifted its holdings in shares of ProShares UltraPro QQQ by 5.9% in the first quarter. Group One Trading LLC now owns 295,031 shares of the exchange traded fund's stock valued at $12,297,000 after purchasing an additional 16,405 shares in the last quarter. Finally, IMC Chicago LLC lifted its holdings in shares of ProShares UltraPro QQQ by 290.6% in the first quarter. IMC Chicago LLC now owns 289,517 shares of the exchange traded fund's stock valued at $12,067,000 after purchasing an additional 215,397 shares in the last quarter.

ProShares UltraPro QQQ Stock Down 10.5%

Shares of NASDAQ:TQQQ opened at $62.01 on Friday. The business's 50 day moving average is $73.59 and its 200 day moving average is $65.44. ProShares UltraPro QQQ has a 12-month low of $37.32 and a 12-month high of $88.09. The stock has a market cap of $31.95 billion, a price-to-earnings ratio of 38.25 and a beta of 3.71.

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.

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