T3 Companies LLC Invests $443,000 in ProShares UltraPro QQQ $TQQQ

T3 Companies LLC acquired a new position in ProShares UltraPro QQQ (NASDAQ:TQQQ) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 8,409 shares of the exchange traded fund’s stock, valued at approximately $443,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Sherman Wealth Management LLC purchased a new position in ProShares UltraPro QQQ during the fourth quarter valued at $2,249,000. Paragon Advisors LLC lifted its position in ProShares UltraPro QQQ by 104.6% during the fourth quarter. Paragon Advisors LLC now owns 146,543 shares of the exchange traded fund’s stock valued at $7,726,000 after purchasing an additional 74,933 shares during the last quarter. Spire Wealth Management lifted its position in ProShares UltraPro QQQ by 4,456.0% during the fourth quarter. Spire Wealth Management now owns 28,657 shares of the exchange traded fund’s stock valued at $1,511,000 after purchasing an additional 28,028 shares during the last quarter. MFG Wealth Management Inc. lifted its position in ProShares UltraPro QQQ by 98.3% during the fourth quarter. MFG Wealth Management Inc. now owns 67,453 shares of the exchange traded fund’s stock valued at $3,556,000 after purchasing an additional 33,442 shares during the last quarter. Finally, Diversified Trust Co. lifted its position in ProShares UltraPro QQQ by 100.0% during the fourth quarter. Diversified Trust Co. now owns 110,000 shares of the exchange traded fund’s stock valued at $5,799,000 after purchasing an additional 55,000 shares during the last quarter.

ProShares UltraPro QQQ Stock Down 6.0%

TQQQ stock opened at $69.27 on Thursday. ProShares UltraPro QQQ has a 52 week low of $35.71 and a 52 week high of $88.09. The company has a fifty day simple moving average of $66.45 and a two-hundred day simple moving average of $56.68. The firm has a market capitalization of $34.16 billion, a P/E ratio of 38.25 and a beta of 3.71.

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.