Koshinski Asset Management Inc. Has $719,000 Stock Holdings in ProShares UltraPro QQQ $TQQQ

Koshinski Asset Management Inc. raised its stake in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 140.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,259 shares of the exchange traded fund’s stock after purchasing an additional 10,087 shares during the quarter. Koshinski Asset Management Inc.’s holdings in ProShares UltraPro QQQ were worth $719,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in TQQQ. WFA of San Diego LLC acquired a new stake in shares of ProShares UltraPro QQQ in the 2nd quarter valued at approximately $25,000. CoreCap Advisors LLC lifted its stake in ProShares UltraPro QQQ by 69.8% in the fourth quarter. CoreCap Advisors LLC now owns 584 shares of the exchange traded fund’s stock valued at $31,000 after acquiring an additional 240 shares during the last quarter. BOKF NA bought a new position in shares of ProShares UltraPro QQQ in the 3rd quarter valued at about $31,000. Rothschild Investment LLC grew its position in shares of ProShares UltraPro QQQ by 100.0% in the 4th quarter. Rothschild Investment LLC now owns 700 shares of the exchange traded fund’s stock valued at $37,000 after acquiring an additional 350 shares during the period. Finally, Dogwood Wealth Management LLC acquired a new position in shares of ProShares UltraPro QQQ during the 4th quarter worth about $44,000.

ProShares UltraPro QQQ Stock Down 6.8%

Shares of TQQQ stock traded down $5.19 on Tuesday, reaching $71.23. The stock had a trading volume of 28,462,763 shares, compared to its average volume of 89,990,742. ProShares UltraPro QQQ has a 12 month low of $37.32 and a 12 month high of $88.09. The firm has a market capitalization of $34.15 billion, a price-to-earnings ratio of 38.25 and a beta of 3.69. The firm’s 50-day moving average is $76.08 and its two-hundred day moving average is $59.69.

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.