Founders Financial Securities LLC Purchases New Holdings in ProShares UltraPro QQQ $TQQQ

Key Points

• Founders Financial Securities LLC acquired 18,254 shares of ProShares UltraPro QQQ (TQQQ) in the third quarter, valued at approximately $1.42 million.
• Several institutional investors also increased or initiated positions in TQQQ, including Vestia Personal Wealth Advisors, IMC Chicago, Turner Capital Investments, and Ridgepath Capital Management.
• TQQQ opened at $62.01, with a market capitalization of approximately $31.95 billion and a beta of 3.71. The leveraged ETF seeks to deliver three times the daily performance of the Nasdaq-100 Index.

Founders Financial Securities LLC acquired a new stake in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 18,254 shares of the exchange traded fund's stock, valued at approximately $1,424,000.

A number of other institutional investors also recently modified their holdings of TQQQ. Independent Financial Group LLC acquired a new position in shares of ProShares UltraPro QQQ during the first quarter valued at about $12,430,000. IMC Chicago LLC grew its stake in 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 period. Vestia Personal Wealth Advisors raised its holdings in ProShares UltraPro QQQ by 100.7% during the third quarter. Vestia Personal Wealth Advisors now owns 310,000 shares of the exchange traded fund's stock worth $24,189,000 after buying an additional 155,556 shares during the last quarter. Turner Capital Investments LLC bought a new position in ProShares UltraPro QQQ in the 3rd quarter valued at about $11,510,000. Finally, Ridgepath Capital Management LLC boosted its position in shares of ProShares UltraPro QQQ by 285.4% during the first quarter. Ridgepath Capital Management LLC now owns 175,735 shares of the exchange traded fund's stock valued at $7,325,000 after buying an additional 130,136 shares during the last quarter.

ProShares UltraPro QQQ Price Performance

Shares of TQQQ stock opened at $62.01 on Friday. ProShares UltraPro QQQ has a one year low of $37.32 and a one year high of $88.09. The firm has a 50-day moving average of $73.59 and a 200-day moving average of $65.44. The company has a market cap of $31.95 billion, a P/E ratio of 38.25 and a beta of 3.71.

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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