PNC Financial Services Group Inc. Sells 6,206 Shares of ProShares UltraPro QQQ $TQQQ

PNC Financial Services Group Inc. trimmed its position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) by 49.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,428 shares of the exchange traded fund’s stock after selling 6,206 shares during the quarter. PNC Financial Services Group Inc.’s holdings in ProShares UltraPro QQQ were worth $339,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Larson Financial Group LLC boosted its position in shares of ProShares UltraPro QQQ by 95.8% during the fourth quarter. Larson Financial Group LLC now owns 56,505 shares of the exchange traded fund’s stock worth $2,979,000 after purchasing an additional 27,653 shares in the last quarter. HighTower Advisors LLC boosted its position in shares of ProShares UltraPro QQQ by 126.0% during the fourth quarter. HighTower Advisors LLC now owns 21,172 shares of the exchange traded fund’s stock worth $1,116,000 after purchasing an additional 11,802 shares in the last quarter. Verde Capital Management boosted its position in shares of ProShares UltraPro QQQ by 99.8% during the fourth quarter. Verde Capital Management now owns 5,275 shares of the exchange traded fund’s stock worth $278,000 after purchasing an additional 2,635 shares in the last quarter. Intrua Financial LLC boosted its position in shares of ProShares UltraPro QQQ by 222.8% during the fourth quarter. Intrua Financial LLC now owns 21,559 shares of the exchange traded fund’s stock worth $1,137,000 after purchasing an additional 14,880 shares in the last quarter. Finally, Soltis Investment Advisors LLC boosted its position in shares of ProShares UltraPro QQQ by 101.2% during the fourth quarter. Soltis Investment Advisors LLC now owns 3,919 shares of the exchange traded fund’s stock worth $207,000 after purchasing an additional 1,971 shares in the last quarter.

ProShares UltraPro QQQ Stock Up 1.4%

Shares of NASDAQ TQQQ opened at $87.29 on Wednesday. The stock has a market cap of $43.05 billion, a price-to-earnings ratio of 38.25 and a beta of 3.66. ProShares UltraPro QQQ has a twelve month low of $35.65 and a twelve month high of $87.32. The company’s fifty day moving average is $61.29 and its 200-day moving average is $55.32.

About ProShares UltraPro QQQ

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.