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ProShares UltraPro QQQ $TQQQ Shares Purchased by Citizens Financial Group Inc. RI

ProShares UltraPro QQQ logo with background
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Key Points

  • Citizens Financial Group increased its stake in ProShares UltraPro QQQ (TQQQ) by 202.5% in Q4, buying 16,148 shares to hold 24,122 shares valued at $1.272 million.
  • Several other institutions — including Socha Financial, Dale Q Rice Investment Management, KeyBank, M&T Bank and Ashton Thomas Private Wealth — also materially increased their TQQQ positions during the quarter.
  • ProShares UltraPro QQQ is a triple‑leveraged (3x) ETF tracking the NASDAQ‑100; shares opened at $65.30 (up 2.8%) and have a high volatility profile (beta ~3.53).
  • Interested in ProShares UltraPro QQQ? Here are five stocks we like better.

Citizens Financial Group Inc. RI grew its stake in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 202.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,122 shares of the exchange traded fund's stock after purchasing an additional 16,148 shares during the period. Citizens Financial Group Inc. RI's holdings in ProShares UltraPro QQQ were worth $1,272,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Socha Financial Group LLC lifted its holdings in shares of ProShares UltraPro QQQ by 105.6% during the fourth quarter. Socha Financial Group LLC now owns 7,043 shares of the exchange traded fund's stock valued at $371,000 after purchasing an additional 3,617 shares during the last quarter. Dale Q Rice Investment Management Ltd lifted its holdings in shares of ProShares UltraPro QQQ by 96.4% during the fourth quarter. Dale Q Rice Investment Management Ltd now owns 8,118 shares of the exchange traded fund's stock valued at $428,000 after purchasing an additional 3,985 shares during the last quarter. Keybank National Association OH lifted its holdings in shares of ProShares UltraPro QQQ by 100.0% during the fourth quarter. Keybank National Association OH now owns 9,426 shares of the exchange traded fund's stock valued at $497,000 after purchasing an additional 4,713 shares during the last quarter. M&T Bank Corp lifted its holdings in shares of ProShares UltraPro QQQ by 100.0% during the fourth quarter. M&T Bank Corp now owns 13,654 shares of the exchange traded fund's stock valued at $720,000 after purchasing an additional 6,827 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC lifted its holdings in shares of ProShares UltraPro QQQ by 63.8% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 9,462 shares of the exchange traded fund's stock valued at $499,000 after purchasing an additional 3,685 shares during the last quarter.

ProShares UltraPro QQQ Stock Up 2.8%

Shares of NASDAQ TQQQ opened at $65.30 on Friday. The business has a fifty day simple moving average of $49.87 and a 200-day simple moving average of $52.23. ProShares UltraPro QQQ has a 12 month low of $27.54 and a 12 month high of $65.84. The company has a market cap of $32.41 billion, a price-to-earnings ratio of 38.25 and a beta of 3.53.

ProShares UltraPro QQQ Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for ProShares UltraPro QQQ (NASDAQ:TQQQ)

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