Moors & Cabot Inc. Increases Stock Holdings in ProShares UltraPro QQQ $TQQQ

Moors & Cabot Inc. increased its holdings in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 100.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 14,200 shares of the exchange traded fund’s stock after acquiring an additional 7,100 shares during the period. Moors & Cabot Inc.’s holdings in ProShares UltraPro QQQ were worth $749,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Merit Financial Group LLC lifted its stake in ProShares UltraPro QQQ by 2.1% in the third quarter. Merit Financial Group LLC now owns 7,642 shares of the exchange traded fund’s stock worth $790,000 after acquiring an additional 158 shares during the period. Rodgers & Associates LTD lifted its stake in ProShares UltraPro QQQ by 4.8% in the fourth quarter. Rodgers & Associates LTD now owns 4,404 shares of the exchange traded fund’s stock worth $232,000 after acquiring an additional 202 shares during the period. CoreCap Advisors LLC lifted its stake 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 worth $31,000 after acquiring an additional 240 shares during the period. Richmond Brothers Inc. lifted its stake in ProShares UltraPro QQQ by 2.4% in the third quarter. Richmond Brothers Inc. now owns 10,588 shares of the exchange traded fund’s stock worth $1,095,000 after acquiring an additional 253 shares during the period. Finally, IFP Advisors Inc lifted its stake 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 worth $73,000 after acquiring an additional 284 shares during the period.

ProShares UltraPro QQQ Price Performance

Shares of TQQQ stock opened at $84.56 on Monday. The stock has a fifty day moving average of $60.49 and a 200 day moving average of $55.10. ProShares UltraPro QQQ has a 52 week low of $33.52 and a 52 week high of $85.70. The firm has a market capitalization of $41.70 billion, a price-to-earnings ratio of 38.25 and a beta of 3.66.

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.