ProShares UltraPro QQQ $TQQQ Position Increased by Vestia Personal Wealth Advisors

Key Points

• Vestia Personal Wealth Advisors doubled its TQQQ position during the third quarter, adding 155,556 shares to own 310,000 shares valued at approximately $24.2 million.
• TQQQ represents 8.1% of Vestia’s portfolio and is its third-largest holding; several other institutional investors also increased or initiated positions.
• ProShares UltraPro QQQ, which targets 300% of the Nasdaq-100’s daily performance, traded up 3.6% and opened at $70.64, with a 12-month range of $37.32 to $88.09.

Vestia Personal Wealth Advisors raised its position in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 100.7% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 310,000 shares of the exchange traded fund's stock after acquiring an additional 155,556 shares during the quarter. ProShares UltraPro QQQ makes up 8.1% of Vestia Personal Wealth Advisors' portfolio, making the stock its 3rd biggest holding. Vestia Personal Wealth Advisors owned 0.06% of ProShares UltraPro QQQ worth $24,189,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. PPSC Investment Service Corp grew its stake in shares of ProShares UltraPro QQQ by 2.5% during the 1st quarter. PPSC Investment Service Corp now owns 1,279,774 shares of the exchange traded fund's stock valued at $53,341,000 after purchasing an additional 30,989 shares during the period. Independent Financial Group LLC bought a new position in shares of ProShares UltraPro QQQ in the 1st quarter worth approximately $12,430,000. Group One Trading LLC lifted its stake in shares of ProShares UltraPro QQQ by 5.9% in the 1st quarter. Group One Trading LLC now owns 295,031 shares of the exchange traded fund's stock worth $12,297,000 after purchasing an additional 16,405 shares during the period. IMC Chicago LLC lifted its stake in shares of ProShares UltraPro QQQ by 290.6% in the 1st quarter. IMC Chicago LLC now owns 289,517 shares of the exchange traded fund's stock worth $12,067,000 after purchasing an additional 215,397 shares during the period. Finally, Turner Capital Investments LLC purchased a new position in shares of ProShares UltraPro QQQ in the third quarter worth approximately $11,510,000.

ProShares UltraPro QQQ Trading Up 3.6%

Shares of NASDAQ TQQQ opened at $70.64 on Tuesday. The firm has a 50 day moving average of $74.52 and a 200 day moving average of $71.47. The firm has a market capitalization of $34.93 billion, a price-to-earnings ratio of 38.25 and a beta of 3.71. ProShares UltraPro QQQ has a 12-month low of $37.32 and a 12-month high of $88.09.

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.

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