Citizens Financial Group Inc. RI Makes New $1.90 Million Investment in ProShares UltraPro QQQ $TQQQ

Key Points

• Citizens Financial Group purchased 24,300 shares of ProShares UltraPro QQQ (TQQQ) during the third quarter, valued at approximately $1.90 million.
• Several other investment firms also increased or initiated positions in TQQQ, including Sowell Financial Services, Brookstone Capital Management, Clarity Wealth Advisors, Variant Private Wealth, and Integrated Advisors Network.
• TQQQ seeks to deliver three times the daily performance of the Nasdaq-100 and carries significant volatility, with a beta of 3.71; shares opened at $68.43 and had traded between $37.32 and $88.09 over the prior year.

Citizens Financial Group Inc. RI purchased a new stake in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 24,300 shares of the exchange traded fund's stock, valued at approximately $1,896,000.

Several other hedge funds have also recently bought and sold shares of the business. Sowell Financial Services LLC grew its position in ProShares UltraPro QQQ by 12.1% during the third quarter. Sowell Financial Services LLC now owns 52,669 shares of the exchange traded fund's stock valued at $4,110,000 after purchasing an additional 5,665 shares in the last quarter. Brookstone Capital Management raised its holdings in ProShares UltraPro QQQ by 12.2% in the third quarter. Brookstone Capital Management now owns 3,172 shares of the exchange traded fund's stock worth $248,000 after purchasing an additional 345 shares during the period. Clarity Wealth Advisors LLC boosted its position in ProShares UltraPro QQQ by 0.8% during the 3rd quarter. Clarity Wealth Advisors LLC now owns 33,420 shares of the exchange traded fund's stock worth $2,608,000 after acquiring an additional 280 shares during the last quarter. Variant Private Wealth LLC bought a new stake in shares of ProShares UltraPro QQQ in the 3rd quarter valued at about $3,927,000. Finally, Integrated Advisors Network LLC grew its holdings in ProShares UltraPro QQQ by 9.8% in the 3rd quarter. Integrated Advisors Network LLC now owns 3,329 shares of the exchange traded fund's stock valued at $260,000 after buying an additional 296 shares in the last quarter.

ProShares UltraPro QQQ Stock Up 3.2%

Shares of TQQQ stock opened at $68.43 on Tuesday. The business has a fifty day simple moving average of $73.93 and a 200 day simple moving average of $65.17. ProShares UltraPro QQQ has a twelve month low of $37.32 and a twelve month high of $88.09. The company has a market cap of $34.88 billion, a P/E ratio of 38.25 and a beta of 3.71.

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.

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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