Crew Capital Management Ltd. Buys Shares of 3,405 ProShares UltraPro QQQ $TQQQ

Key Points

• Crew Capital Management Ltd. has acquired 3,405 shares of ProShares UltraPro QQQ (TQQQ), valued at approximately $283,000, according to their latest SEC filing.
• ProShares UltraPro QQQ aims for daily investment results that correspond to 300% of the daily performance of the NASDAQ-100 Index, making it a leveraged exchange-traded fund.
• As of Tuesday, shares of TQQQ were trading at $104.72, reflecting a 1.7% increase, with a market capitalization of $32.27 billion.

Crew Capital Management Ltd. bought a new stake in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,405 shares of the exchange traded fund's stock, valued at approximately $283,000.

Other institutional investors also recently bought and sold shares of the company. MRP Capital Investments LLC bought a new position in ProShares UltraPro QQQ in the first quarter valued at about $29,000. Columbia River Financial Group LLC bought a new position in ProShares UltraPro QQQ in the first quarter valued at about $47,000. Wolff Wiese Magana LLC bought a new position in ProShares UltraPro QQQ in the first quarter valued at about $94,000. Beacon Capital Management LLC lifted its holdings in ProShares UltraPro QQQ by 32.8% in the first quarter. Beacon Capital Management LLC now owns 1,823 shares of the exchange traded fund's stock valued at $104,000 after acquiring an additional 450 shares during the period. Finally, Menard Financial Group LLC bought a new position in ProShares UltraPro QQQ in the fourth quarter valued at about $146,000.

ProShares UltraPro QQQ Stock Up 1.7%

Shares of TQQQ opened at $104.72 on Tuesday. The business has a 50-day simple moving average of $91.28 and a two-hundred day simple moving average of $74.00. The stock has a market cap of $32.27 billion, a price-to-earnings ratio of 38.25 and a beta of 3.45. ProShares UltraPro QQQ has a 52 week low of $35.00 and a 52 week high of $105.08.

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.

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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