Calamos Wealth Management LLC Buys 115,131 Shares of ProShares UltraPro QQQ $TQQQ

Calamos Wealth Management LLC lifted its stake in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) by 1,194.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 124,770 shares of the exchange traded fund’s stock after purchasing an additional 115,131 shares during the quarter. Calamos Wealth Management LLC’s holdings in ProShares UltraPro QQQ were worth $9,736,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Wellington Grp LLC boosted its holdings in ProShares UltraPro QQQ by 7.0% during the first quarter. Wellington Grp LLC now owns 2,108 shares of the exchange traded fund’s stock worth $88,000 after buying an additional 137 shares in the last quarter. Financial Insights Inc. increased its holdings in ProShares UltraPro QQQ by 3.8% in the first quarter. Financial Insights Inc. now owns 5,333 shares of the exchange traded fund’s stock valued at $222,000 after buying an additional 195 shares in the last quarter. Clarity Wealth Advisors LLC lifted its position in shares of ProShares UltraPro QQQ by 0.8% during the 3rd quarter. Clarity Wealth Advisors LLC now owns 33,420 shares of the exchange traded fund’s stock valued at $2,608,000 after acquiring an additional 280 shares during the period. Integrated Advisors Network LLC lifted its position in shares of ProShares UltraPro QQQ by 9.8% during the 3rd quarter. Integrated Advisors Network LLC now owns 3,329 shares of the exchange traded fund’s stock valued at $260,000 after acquiring an additional 296 shares during the period. Finally, Brookstone Capital Management lifted its position in shares of ProShares UltraPro QQQ by 12.2% during the 3rd quarter. Brookstone Capital Management now owns 3,172 shares of the exchange traded fund’s stock valued at $248,000 after acquiring an additional 345 shares during the period.

ProShares UltraPro QQQ Trading Up 3.5%

Shares of NASDAQ:TQQQ traded up $1.78 during trading on Friday, hitting $52.25. 99,259,855 shares of the stock were exchanged, compared to its average volume of 77,864,836. The company has a market cap of $28.18 billion, a PE ratio of 38.25 and a beta of 3.73. The company has a fifty day moving average price of $72.20 and a two-hundred day moving average price of $65.52. ProShares UltraPro QQQ has a 12-month low of $37.32 and a 12-month high of $88.09.

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.