Independent Financial Group LLC Buys New Stake in ProShares UltraPro QQQ $TQQQ

Independent Financial Group LLC purchased a new stake in ProShares UltraPro QQQ (NASDAQ:TQQQ) during the 1st quarter, HoldingsChannel.com reports. The institutional investor purchased 298,228 shares of the exchange traded fund’s stock, valued at approximately $12,430,000.

A number of other institutional investors have also modified their holdings of TQQQ. Daviman Financial LLC lifted its holdings in shares of ProShares UltraPro QQQ by 1.3% in the 1st quarter. Daviman Financial LLC now owns 13,592 shares of the exchange traded fund’s stock valued at $567,000 after buying an additional 179 shares during the period. Rodgers & Associates LTD raised its position in ProShares UltraPro QQQ by 4.8% during the fourth quarter. Rodgers & Associates LTD now owns 4,404 shares of the exchange traded fund’s stock valued at $232,000 after acquiring an additional 202 shares in the last quarter. CoreCap Advisors LLC lifted its holdings 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 period. IFP Advisors Inc lifted its holdings in ProShares UltraPro QQQ by 25.7% in the fourth quarter. IFP Advisors Inc now owns 1,388 shares of the exchange traded fund’s stock valued at $73,000 after acquiring an additional 284 shares during the period. Finally, BOKF NA boosted its position in ProShares UltraPro QQQ by 100.0% in the 4th quarter. BOKF NA now owns 600 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 300 shares in the last quarter.

ProShares UltraPro QQQ Price Performance

Shares of NASDAQ TQQQ opened at $70.74 on Friday. The stock has a market capitalization of $34.23 billion, a price-to-earnings ratio of 38.25 and a beta of 3.69. The firm’s 50 day simple moving average is $77.47 and its 200-day simple moving average is $60.83. ProShares UltraPro QQQ has a 12 month low of $37.32 and a 12 month high of $88.09.

ProShares UltraPro QQQ Company 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.