World Equity Group Inc. Has $2.50 Million Position in ProShares UltraPro QQQ (NASDAQ:TQQQ)

World Equity Group Inc. lessened its holdings in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 9.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 43,600 shares of the exchange traded fund's stock after selling 4,416 shares during the period. World Equity Group Inc.'s holdings in ProShares UltraPro QQQ were worth $2,498,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Cary Street Partners Financial LLC bought a new stake in shares of ProShares UltraPro QQQ during the 4th quarter valued at $47,000. Clear Investment Research LLC grew its stake in ProShares UltraPro QQQ by 83.3% during the fourth quarter. Clear Investment Research LLC now owns 1,054 shares of the exchange traded fund's stock worth $83,000 after buying an additional 479 shares in the last quarter. Beacon Capital Management LLC raised its position in shares of ProShares UltraPro QQQ by 32.8% in the 1st quarter. Beacon Capital Management LLC now owns 1,823 shares of the exchange traded fund's stock valued at $104,000 after buying an additional 450 shares in the last quarter. Menard Financial Group LLC bought a new stake in shares of ProShares UltraPro QQQ during the 4th quarter worth approximately $146,000. Finally, Sepio Capital LP acquired a new stake in shares of ProShares UltraPro QQQ during the 4th quarter worth approximately $201,000.

ProShares UltraPro QQQ Price Performance

TQQQ traded up $3.40 during trading on Tuesday, hitting $78.10. 56,030,531 shares of the stock traded hands, compared to its average volume of 69,469,396. ProShares UltraPro QQQ has a twelve month low of $35.00 and a twelve month high of $93.79. The company has a market cap of $30.24 billion, a price-to-earnings ratio of 38.25 and a beta of 3.45. The business has a 50 day moving average price of $64.38 and a 200 day moving average price of $70.96.

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.