Cassaday & Co Wealth Management LLC Has $4.16 Million Stake in ProShares UltraPro QQQ $TQQQ

Key Points

• Cassaday & Co Wealth Management LLC boosted its position in ProShares UltraPro QQQ (TQQQ) by 71.7% in Q4, adding 32,931 shares to hold 78,862 shares worth about $4.16 million.
• TQQQ is a 3x leveraged ETF that seeks daily returns equal to three times the NASDAQ‑100 using derivatives, implying higher risk and volatility compared with non‑leveraged funds.
• The fund recently opened at $71.34 (near its 12‑month high of $73.30), with 50‑day and 200‑day SMAs around $51.12 and $52.63 and a high beta of 3.66, underscoring significant price volatility.

Cassaday & Co Wealth Management LLC increased its holdings in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 71.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 78,862 shares of the exchange traded fund's stock after acquiring an additional 32,931 shares during the period. Cassaday & Co Wealth Management LLC's holdings in ProShares UltraPro QQQ were worth $4,158,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in TQQQ. WFA of San Diego LLC acquired a new stake in shares of ProShares UltraPro QQQ during the 2nd quarter valued at about $25,000. CoreCap Advisors LLC boosted its position in shares of ProShares UltraPro QQQ by 69.8% during the 4th quarter. CoreCap Advisors LLC now owns 584 shares of the exchange traded fund's stock valued at $31,000 after acquiring an additional 240 shares in the last quarter. BOKF NA acquired a new stake in shares of ProShares UltraPro QQQ during the 3rd quarter valued at about $31,000. Halbert Hargrove Global Advisors LLC boosted its position in shares of ProShares UltraPro QQQ by 100.0% during the 4th quarter. Halbert Hargrove Global Advisors LLC now owns 852 shares of the exchange traded fund's stock valued at $45,000 after acquiring an additional 426 shares in the last quarter. Finally, Cresta Advisors Ltd. acquired a new stake in shares of ProShares UltraPro QQQ during the 4th quarter valued at about $57,000.

ProShares UltraPro QQQ Stock Performance

Shares of ProShares UltraPro QQQ stock opened at $71.34 on Friday. The firm's 50-day simple moving average is $51.12 and its 200-day simple moving average is $52.63. ProShares UltraPro QQQ has a twelve month low of $28.83 and a twelve month high of $73.30. The firm has a market cap of $35.18 billion, a P/E ratio of 38.25 and a beta of 3.66.

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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