SBI Securities Co. Ltd. increased its stake in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 97.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 250,542 shares of the exchange traded fund's stock after purchasing an additional 123,768 shares during the period. SBI Securities Co. Ltd.'s holdings in ProShares UltraPro QQQ were worth $13,209,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Howard Capital Management Inc. grew its holdings in shares of ProShares UltraPro QQQ by 83.6% in the fourth quarter. Howard Capital Management Inc. now owns 8,465,262 shares of the exchange traded fund's stock valued at $446,289,000 after purchasing an additional 3,855,510 shares in the last quarter. Oriental Harbor Investment Master Fund lifted its holdings in ProShares UltraPro QQQ by 100.0% during the 4th quarter. Oriental Harbor Investment Master Fund now owns 2,401,640 shares of the exchange traded fund's stock worth $126,614,000 after buying an additional 1,200,820 shares in the last quarter. PPSC Investment Service Corp boosted its position in ProShares UltraPro QQQ by 116.1% in the 4th quarter. PPSC Investment Service Corp now owns 1,248,785 shares of the exchange traded fund's stock valued at $65,836,000 after buying an additional 671,023 shares during the period. McElhenny Sheffield Capital Management LLC boosted its position in ProShares UltraPro QQQ by 77.7% in the 4th quarter. McElhenny Sheffield Capital Management LLC now owns 1,213,489 shares of the exchange traded fund's stock valued at $63,975,000 after buying an additional 530,708 shares during the period. Finally, Cantor Fitzgerald L. P. boosted its position in ProShares UltraPro QQQ by 823.5% in the 3rd quarter. Cantor Fitzgerald L. P. now owns 779,017 shares of the exchange traded fund's stock valued at $80,550,000 after buying an additional 694,661 shares during the period.
ProShares UltraPro QQQ Stock Up 3.8%
Shares of TQQQ stock opened at $67.39 on Wednesday. ProShares UltraPro QQQ has a 52 week low of $27.54 and a 52 week high of $67.77. The stock has a market capitalization of $33.23 billion, a PE ratio of 38.25 and a beta of 3.66. The firm has a 50 day moving average of $50.22 and a two-hundred day moving average of $52.35.
About ProShares UltraPro QQQ
(
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.
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