Cassaday & Co Wealth Management LLC Has $4.16 Million Position in ProShares UltraPro QQQ $TQQQ

Cassaday & Co Wealth Management LLC increased its holdings in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) by 71.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 78,862 shares of the exchange traded fund’s stock after acquiring an additional 32,931 shares during the period. Cassaday & Co Wealth Management LLC’s holdings in ProShares UltraPro QQQ were worth $4,158,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. WFA of San Diego LLC bought a new position in ProShares UltraPro QQQ during the 2nd quarter valued at about $25,000. BOKF NA bought a new position in ProShares UltraPro QQQ during the 3rd quarter valued at about $31,000. CoreCap Advisors LLC lifted its holdings in ProShares UltraPro QQQ by 69.8% during the 4th quarter. CoreCap Advisors LLC now owns 584 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 240 shares during the last quarter. Halbert Hargrove Global Advisors LLC lifted its holdings in ProShares UltraPro QQQ by 100.0% during the 4th quarter. Halbert Hargrove Global Advisors LLC now owns 852 shares of the exchange traded fund’s stock valued at $45,000 after purchasing an additional 426 shares during the last quarter. Finally, Cresta Advisors Ltd. bought a new position in ProShares UltraPro QQQ during the 4th quarter valued at about $57,000.

ProShares UltraPro QQQ Stock Down 0.3%

Shares of TQQQ stock opened at $71.34 on Friday. ProShares UltraPro QQQ has a 12-month low of $28.83 and a 12-month high of $73.30. The company has a market capitalization of $35.18 billion, a P/E ratio of 38.25 and a beta of 3.66. The firm has a 50-day moving average price of $51.12 and a 200 day moving average price of $52.63.

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.