LM Advisors LLC Sells 9,925 Shares of ProShares UltraPro QQQ $TQQQ

LM Advisors LLC lowered its stake in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) by 89.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,110 shares of the exchange traded fund’s stock after selling 9,925 shares during the quarter. LM Advisors LLC’s holdings in ProShares UltraPro QQQ were worth $59,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Howard Capital Management Inc. boosted its position in ProShares UltraPro QQQ by 83.6% during the fourth quarter. Howard Capital Management Inc. now owns 8,465,262 shares of the exchange traded fund’s stock worth $446,289,000 after purchasing an additional 3,855,510 shares during the period. Oriental Harbor Investment Master Fund increased its stake in shares of ProShares UltraPro QQQ by 100.0% in the fourth quarter. Oriental Harbor Investment Master Fund now owns 2,401,640 shares of the exchange traded fund’s stock worth $126,614,000 after purchasing an additional 1,200,820 shares in the last quarter. Cantor Fitzgerald L. P. raised its position in shares of ProShares UltraPro QQQ by 823.5% in the third quarter. Cantor Fitzgerald L. P. now owns 779,017 shares of the exchange traded fund’s stock valued at $80,550,000 after purchasing an additional 694,661 shares during the period. PPSC Investment Service Corp raised its position in shares of ProShares UltraPro QQQ by 116.1% in the fourth quarter. PPSC Investment Service Corp now owns 1,248,785 shares of the exchange traded fund’s stock valued at $65,836,000 after purchasing an additional 671,023 shares during the period. Finally, Citigroup Inc. raised its position in shares of ProShares UltraPro QQQ by 3,108.0% in the third quarter. Citigroup Inc. now owns 601,603 shares of the exchange traded fund’s stock valued at $62,206,000 after purchasing an additional 621,603 shares during the period.

ProShares UltraPro QQQ Stock Up 2.0%

NASDAQ TQQQ opened at $77.52 on Friday. The company’s 50 day moving average is $67.83 and its 200-day moving average is $57.03. ProShares UltraPro QQQ has a 12-month low of $35.71 and a 12-month high of $88.09. The firm has a market cap of $38.23 billion, a P/E ratio of 38.25 and a beta of 3.71.

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.