HRT Financial LP cut its stake in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ – Free Report) by 18.9% in the 1st quarter, Holdings Channel reports. The firm owned 1,921,856 shares of the exchange traded fund’s stock after selling 448,622 shares during the quarter. ProShares UltraPro QQQ comprises approximately 0.7% of HRT Financial LP’s holdings, making the stock its 22nd biggest position. HRT Financial LP’s holdings in ProShares UltraPro QQQ were worth $54,311,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in TQQQ. JPMorgan Chase & Co. grew its holdings in shares of ProShares UltraPro QQQ by 157.3% during the first quarter. JPMorgan Chase & Co. now owns 183,844 shares of the exchange traded fund’s stock valued at $10,696,000 after purchasing an additional 112,397 shares during the last quarter. Raymond James Financial Services Advisors Inc. bought a new position in shares of ProShares UltraPro QQQ during the first quarter valued at approximately $285,000. US Bancorp DE grew its holdings in shares of ProShares UltraPro QQQ by 126.4% during the first quarter. US Bancorp DE now owns 5,730 shares of the exchange traded fund’s stock valued at $333,000 after purchasing an additional 3,199 shares during the last quarter. HighTower Advisors LLC grew its holdings in shares of ProShares UltraPro QQQ by 136.3% during the first quarter. HighTower Advisors LLC now owns 19,198 shares of the exchange traded fund’s stock valued at $1,116,000 after purchasing an additional 11,072 shares during the last quarter. Finally, Citigroup Inc. bought a new position in shares of ProShares UltraPro QQQ during the first quarter valued at approximately $231,000.
ProShares UltraPro QQQ Stock Performance
Shares of NASDAQ TQQQ traded down $0.15 during midday trading on Friday, hitting $42.29. 82,529,193 shares of the company’s stock were exchanged, compared to its average volume of 135,194,922. The stock’s 50 day moving average price is $41.16 and its 200-day moving average price is $34.06. ProShares UltraPro QQQ has a twelve month low of $16.10 and a twelve month high of $47.14.
ProShares UltraPro QQQ Announces Dividend
About ProShares UltraPro QQQ
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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