IMC Chicago LLC Acquires Shares of 74,120 ProShares UltraPro QQQ $TQQQ

Key Points

• IMC Chicago LLC acquired a new stake of 74,120 shares in ProShares UltraPro QQQ (NASDAQ:TQQQ) in the fourth quarter, valued at about $3.91 million per its latest 13F filing.
• Several other institutions also increased positions in TQQQ in Q4, notably Paragon Advisors (+104.6% to 146,543 shares, ~$7.73M) and Diversified Trust (doubled to 110,000 shares, ~$5.80M), with MFG, Spire and Sherman Wealth among others adding shares.
• TQQQ is a triple (300%) leveraged ETF tracking the NASDAQ‑100; the fund recently opened at $65.30 (up 2.8%), with a 12‑month range of $27.54–$65.84, market cap ~ $32.41B and a beta of 3.53.

IMC Chicago LLC acquired a new stake in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 74,120 shares of the exchange traded fund's stock, valued at approximately $3,908,000.

Several other large investors also recently bought and sold shares of TQQQ. Sherman Wealth Management LLC acquired a new position in shares of ProShares UltraPro QQQ in the 4th quarter valued at $2,249,000. Paragon Advisors LLC lifted its stake in shares of ProShares UltraPro QQQ by 104.6% in the 4th quarter. Paragon Advisors LLC now owns 146,543 shares of the exchange traded fund's stock valued at $7,726,000 after purchasing an additional 74,933 shares during the period. Spire Wealth Management lifted its stake in shares of ProShares UltraPro QQQ by 4,456.0% in the 4th quarter. Spire Wealth Management now owns 28,657 shares of the exchange traded fund's stock valued at $1,511,000 after purchasing an additional 28,028 shares during the period. MFG Wealth Management Inc. lifted its stake in shares of ProShares UltraPro QQQ by 98.3% in the 4th quarter. MFG Wealth Management Inc. now owns 67,453 shares of the exchange traded fund's stock valued at $3,556,000 after purchasing an additional 33,442 shares during the period. Finally, Diversified Trust Co. lifted its stake in shares of ProShares UltraPro QQQ by 100.0% in the 4th quarter. Diversified Trust Co. now owns 110,000 shares of the exchange traded fund's stock valued at $5,799,000 after purchasing an additional 55,000 shares during the period.

ProShares UltraPro QQQ Stock Up 2.8%

TQQQ stock opened at $65.30 on Friday. The business's fifty day moving average is $49.87 and its 200-day moving average is $52.22. The company has a market cap of $32.41 billion, a P/E ratio of 38.25 and a beta of 3.53. ProShares UltraPro QQQ has a twelve month low of $27.54 and a twelve month high of $65.84.

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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