Signaturefd LLC Acquires 22,748 Shares of ProShares UltraPro QQQ $TQQQ

Key Points

• Signaturefd LLC acquired 22,748 shares of ProShares UltraPro QQQ during the third quarter, valued at approximately $1.775 million.
• Several other institutional investors also increased or initiated TQQQ positions, including Sowell Financial Services, Brookstone Capital Management, Clarity Wealth Advisors, Citizens Financial Group and Variant Private Wealth.
• TQQQ opened at $68.43, with a $34.88 billion market capitalization and a beta of 3.71. The leveraged ETF targets 300% of the Nasdaq-100’s daily performance, amplifying both potential gains and losses.

Signaturefd LLC acquired a new stake in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 22,748 shares of the exchange traded fund's stock, valued at approximately $1,775,000.

A number of other hedge funds also recently modified their holdings of the stock. Citizens Financial Group Inc. RI bought a new position in ProShares UltraPro QQQ in the 3rd quarter valued at about $1,896,000. Sowell Financial Services LLC lifted its position in ProShares UltraPro QQQ by 12.1% during the third quarter. Sowell Financial Services LLC now owns 52,669 shares of the exchange traded fund's stock worth $4,110,000 after acquiring an additional 5,665 shares during the last quarter. Brookstone Capital Management boosted its holdings in shares of ProShares UltraPro QQQ by 12.2% during the third quarter. Brookstone Capital Management now owns 3,172 shares of the exchange traded fund's stock worth $248,000 after acquiring an additional 345 shares during the period. Clarity Wealth Advisors LLC boosted its holdings in shares of ProShares UltraPro QQQ by 0.8% during the third quarter. Clarity Wealth Advisors LLC now owns 33,420 shares of the exchange traded fund's stock worth $2,608,000 after acquiring an additional 280 shares during the period. Finally, Variant Private Wealth LLC bought a new stake in shares of ProShares UltraPro QQQ during the third quarter worth approximately $3,927,000.

ProShares UltraPro QQQ Trading Up 3.2%

NASDAQ:TQQQ opened at $68.43 on Tuesday. The stock has a market cap of $34.88 billion, a P/E ratio of 38.25 and a beta of 3.71. The stock has a 50 day simple moving average of $73.93 and a 200 day simple moving average of $65.17. ProShares UltraPro QQQ has a 1-year low of $37.32 and a 1-year high of $88.09.

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. ProShare Advisors LLC (ProShare Advisors) provides the investment advisory and management services for the Fund.

Want to see what other hedge funds are holding TQQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report).

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