SG Americas Securities LLC Takes Position in ProShares UltraPro QQQ $TQQQ

SG Americas Securities LLC bought a new stake in ProShares UltraPro QQQ (NASDAQ:TQQQ) in the 1st quarter, HoldingsChannel.com reports. The firm bought 22,000 shares of the exchange traded fund’s stock, valued at approximately $908,000.

Several other large investors also recently made changes to their positions in TQQQ. Howard Capital Management Inc. raised its stake in ProShares UltraPro QQQ by 83.6% during the 4th quarter. Howard Capital Management Inc. now owns 8,465,262 shares of the exchange traded fund’s stock worth $446,289,000 after buying an additional 3,855,510 shares during the period. Oriental Harbor Investment Master Fund boosted its holdings in 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 acquiring an additional 1,200,820 shares in the last quarter. PPSC Investment Service Corp grew its stake in 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 acquiring an additional 671,023 shares during the period. McElhenny Sheffield Capital Management LLC increased its holdings in shares of ProShares UltraPro QQQ by 77.7% during the fourth quarter. McElhenny Sheffield Capital Management LLC now owns 1,213,489 shares of the exchange traded fund’s stock valued at $63,975,000 after acquiring an additional 530,708 shares in the last quarter. Finally, Cantor Fitzgerald L. P. increased its holdings in shares of ProShares UltraPro QQQ by 823.5% during 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 acquiring an additional 694,661 shares in the last quarter.

ProShares UltraPro QQQ Price Performance

Shares of NASDAQ:TQQQ opened at $73.35 on Monday. ProShares UltraPro QQQ has a twelve month low of $37.32 and a twelve month high of $88.09. The stock’s 50 day moving average is $75.73 and its 200-day moving average is $59.52. The firm has a market capitalization of $35.17 billion, a price-to-earnings ratio of 38.25 and a beta of 3.69.

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.