147,511 Shares in ProShares UltraPro QQQ $TQQQ Purchased by Turner Capital Investments LLC

Key Points

• Turner Capital Investments LLC acquired 147,511 shares of ProShares UltraPro QQQ (TQQQ) during the third quarter, valued at approximately $11.51 million. The position represents about 10.2% of the firm’s portfolio and is its third-largest holding.
• Several other institutional investors increased their TQQQ exposure, including IMC Chicago LLC, which boosted its position by 290.6%, and Corient Private Wealth LLC, which raised its stake by 85.4%.
• TQQQ recently traded at $81.05, near its 12-month high of $88.09. The leveraged ETF seeks to deliver three times the daily performance of the Nasdaq-100 and carries a beta of 3.71, reflecting significant volatility.

Turner Capital Investments LLC acquired a new position in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 147,511 shares of the exchange traded fund's stock, valued at approximately $11,510,000. ProShares UltraPro QQQ makes up about 10.2% of Turner Capital Investments LLC's investment portfolio, making the stock its 3rd biggest position.

Other large investors have also added to or reduced their stakes in the company. PPSC Investment Service Corp increased its stake in ProShares UltraPro QQQ by 2.5% in the 1st quarter. PPSC Investment Service Corp now owns 1,279,774 shares of the exchange traded fund's stock valued at $53,341,000 after buying an additional 30,989 shares during the last quarter. Independent Financial Group LLC bought a new position in shares of ProShares UltraPro QQQ in the 1st quarter valued at about $12,430,000. Group One Trading LLC grew its holdings in shares of 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 acquiring an additional 16,405 shares in the last quarter. IMC Chicago LLC increased its position 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 acquiring an additional 215,397 shares during the last quarter. Finally, Corient Private Wealth LLC increased its position in shares of ProShares UltraPro QQQ by 85.4% in the fourth quarter. Corient Private Wealth LLC now owns 200,040 shares of the exchange traded fund's stock valued at $10,546,000 after acquiring an additional 92,125 shares during the last quarter.

ProShares UltraPro QQQ Stock Performance

TQQQ traded up $0.82 on Friday, hitting $81.05. 29,471,058 shares of the company were exchanged, compared to its average volume of 77,865,602. The stock's fifty day moving average is $74.01 and its 200-day moving average is $69.82. ProShares UltraPro QQQ has a 12 month low of $37.32 and a 12 month high of $88.09. The company has a market cap of $39.12 billion, a PE ratio of 38.25 and a beta of 3.71.

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.

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