Sovereign Financial Group Inc. cut its holdings in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ – Free Report) by 26.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,917 shares of the exchange traded fund’s stock after selling 3,516 shares during the period. Sovereign Financial Group Inc.’s holdings in ProShares UltraPro QQQ were worth $610,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also made changes to their positions in TQQQ. IMC Chicago LLC raised its stake in ProShares UltraPro QQQ by 1,635.6% in the fourth quarter. IMC Chicago LLC now owns 9,191,741 shares of the exchange traded fund’s stock valued at $466,021,000 after purchasing an additional 8,662,153 shares in the last quarter. McElhenny Sheffield Capital Management LLC bought a new position in ProShares UltraPro QQQ during the fourth quarter worth $24,056,000. Howard Capital Management Inc. acquired a new position in shares of ProShares UltraPro QQQ in the 4th quarter valued at about $17,511,000. CHURCHILL MANAGEMENT Corp bought a new stake in shares of ProShares UltraPro QQQ in the 4th quarter valued at $7,033,000. Finally, Orion Portfolio Solutions LLC acquired a new position in shares of ProShares UltraPro QQQ during the fourth quarter valued at about $5,574,000.
ProShares UltraPro QQQ Price Performance
NASDAQ TQQQ opened at $75.00 on Friday. ProShares UltraPro QQQ has a 12-month low of $30.47 and a 12-month high of $77.72. The company has a fifty day simple moving average of $63.87 and a 200 day simple moving average of $58.65.
ProShares UltraPro QQQ Increases Dividend
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.
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