ProShares UltraPro QQQ $TQQQ Shares Acquired by PPSC Investment Service Corp

Key Points

• PPSC Investment Service Corp increased its ProShares UltraPro QQQ (TQQQ) holdings by 5.8% in the third quarter, adding 82,599 shares for a total of 1,497,357 shares valued at approximately $116.8 million.
• TQQQ represents about 7.0% of PPSC’s investment portfolio and is its fifth-largest holding; several other institutional investors also raised their positions.
• TQQQ opened at $71.04, with a market capitalization of $36.21 billion and a beta of 3.71. The leveraged ETF seeks to deliver 300% of the Nasdaq-100’s daily performance, making it particularly volatile.

PPSC Investment Service Corp raised its holdings in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 5.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,497,357 shares of the exchange traded fund's stock after purchasing an additional 82,599 shares during the period. ProShares UltraPro QQQ accounts for approximately 7.0% of PPSC Investment Service Corp's investment portfolio, making the stock its 5th biggest holding. PPSC Investment Service Corp owned about 0.29% of ProShares UltraPro QQQ worth $116,839,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Wellington Grp LLC boosted its position in shares of ProShares UltraPro QQQ by 7.0% in the 1st quarter. Wellington Grp LLC now owns 2,108 shares of the exchange traded fund's stock worth $88,000 after purchasing an additional 137 shares in the last quarter. Daviman Financial LLC grew its stake in ProShares UltraPro QQQ by 1.3% during the 1st quarter. Daviman Financial LLC now owns 13,592 shares of the exchange traded fund's stock worth $567,000 after buying an additional 179 shares during the last quarter. Financial Insights Inc. increased its position in ProShares UltraPro QQQ by 3.8% during the 1st quarter. Financial Insights Inc. now owns 5,333 shares of the exchange traded fund's stock valued at $222,000 after buying an additional 195 shares in the last quarter. Clarity Wealth Advisors LLC increased its position in ProShares UltraPro QQQ by 0.8% during the 3rd quarter. Clarity Wealth Advisors LLC now owns 33,420 shares of the exchange traded fund's stock valued at $2,608,000 after buying an additional 280 shares in the last quarter. Finally, Integrated Advisors Network LLC increased its position in ProShares UltraPro QQQ by 9.8% during the 3rd quarter. Integrated Advisors Network LLC now owns 3,329 shares of the exchange traded fund's stock valued at $260,000 after buying an additional 296 shares in the last quarter.

ProShares UltraPro QQQ Stock Performance

ProShares UltraPro QQQ stock opened at $71.04 on Wednesday. The stock has a 50-day moving average of $73.82 and a two-hundred day moving average of $65.25. ProShares UltraPro QQQ has a one year low of $37.32 and a one year high of $88.09. The stock has a market cap of $36.21 billion, a PE ratio of 38.25 and a beta of 3.71.

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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