Encompass More Asset Management Buys 28,415 Shares of ProShares UltraPro QQQ $TQQQ

Key Points

• Encompass More Asset Management boosted its position in ProShares UltraPro QQQ (TQQQ) by 77.6% in Q4, buying 28,415 shares to hold 65,009 shares worth about $3.43 million.
• TQQQ is a triple‑leveraged ETF tracking 300% of the NASDAQ‑100's daily moves; it opened at $71.57 (up 6.2%) and shows a 52‑week range of $27.54–$71.66, a market cap near $35.3B and high volatility (beta 3.66).

Encompass More Asset Management lifted its stake in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 77.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 65,009 shares of the exchange traded fund's stock after acquiring an additional 28,415 shares during the quarter. Encompass More Asset Management's holdings in ProShares UltraPro QQQ were worth $3,427,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. WFA of San Diego LLC bought a new stake in shares of ProShares UltraPro QQQ in the second quarter worth approximately $25,000. BOKF NA bought a new stake in shares of ProShares UltraPro QQQ in the third quarter worth approximately $31,000. CoreCap Advisors LLC grew its stake in shares of ProShares UltraPro QQQ by 69.8% in the fourth quarter. CoreCap Advisors LLC now owns 584 shares of the exchange traded fund's stock worth $31,000 after acquiring an additional 240 shares during the period. Halbert Hargrove Global Advisors LLC grew its stake in shares of ProShares UltraPro QQQ by 100.0% in the fourth quarter. Halbert Hargrove Global Advisors LLC now owns 852 shares of the exchange traded fund's stock worth $45,000 after acquiring an additional 426 shares during the period. Finally, Cresta Advisors Ltd. bought a new stake in shares of ProShares UltraPro QQQ in the fourth quarter worth approximately $57,000.

ProShares UltraPro QQQ Stock Up 6.2%

Shares of TQQQ stock opened at $71.57 on Thursday. The company has a 50 day moving average price of $50.69 and a 200-day moving average price of $52.50. ProShares UltraPro QQQ has a 52 week low of $27.54 and a 52 week high of $71.66. The firm has a market capitalization of $35.29 billion, a PE ratio of 38.25 and a beta of 3.66.

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.

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.