Sanctuary Advisors LLC Invests $353,000 in ProShares UltraPro QQQ $TQQQ

Sanctuary Advisors LLC acquired a new stake in ProShares UltraPro QQQ (NASDAQ:TQQQ) during the first quarter, according to its most recent 13F filing with the SEC. The fund acquired 8,461 shares of the exchange traded fund’s stock, valued at approximately $353,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Q3 Asset Management raised its stake in shares of ProShares UltraPro QQQ by 353.5% during the 4th quarter. Q3 Asset Management now owns 234,413 shares of the exchange traded fund’s stock worth $12,358,000 after buying an additional 182,719 shares during the last quarter. Cassaday & Co Wealth Management LLC raised its position in ProShares UltraPro QQQ by 71.7% in the fourth quarter. Cassaday & Co Wealth Management LLC now owns 78,862 shares of the exchange traded fund’s stock valued at $4,158,000 after purchasing an additional 32,931 shares during the period. BXM Wealth LLC boosted its position in ProShares UltraPro QQQ by 603.2% in the 4th quarter. BXM Wealth LLC now owns 117,213 shares of the exchange traded fund’s stock valued at $6,179,000 after buying an additional 100,544 shares during the last quarter. Encompass More Asset Management grew its holdings in ProShares UltraPro QQQ by 77.6% during the 4th quarter. Encompass More Asset Management now owns 65,009 shares of the exchange traded fund’s stock worth $3,427,000 after acquiring an additional 28,415 shares in the last quarter. Finally, Discipline Wealth Solutions LLC increased its stake in ProShares UltraPro QQQ by 161.0% during the fourth quarter. Discipline Wealth Solutions LLC now owns 52,062 shares of the exchange traded fund’s stock valued at $2,745,000 after purchasing an additional 32,113 shares during the last quarter.

ProShares UltraPro QQQ Stock Performance

Shares of TQQQ stock opened at $63.30 on Friday. The firm has a market capitalization of $31.40 billion, a PE ratio of 38.25 and a beta of 3.69. ProShares UltraPro QQQ has a 1 year low of $37.32 and a 1 year high of $88.09. The stock has a fifty day moving average of $75.32 and a two-hundred day moving average of $61.62.

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.