Citigroup Inc. Takes $1.33 Million Position in ProShares UltraPro QQQ (TQQQ)

Citigroup Inc. bought a new position in ProShares UltraPro QQQ (NASDAQ:TQQQ) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 36,000 shares of the exchange traded fund’s stock, valued at approximately $1,334,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Redhawk Wealth Advisors Inc. purchased a new stake in ProShares UltraPro QQQ in the 3rd quarter worth approximately $285,000. Virtu Financial LLC purchased a new stake in ProShares UltraPro QQQ in the 4th quarter worth approximately $1,003,000. Morgan Stanley grew its stake in ProShares UltraPro QQQ by 36.4% in the 3rd quarter. Morgan Stanley now owns 500,189 shares of the exchange traded fund’s stock worth $35,584,000 after acquiring an additional 133,356 shares during the period. First Midwest Bank Trust Division purchased a new stake in ProShares UltraPro QQQ in the 4th quarter worth approximately $350,000. Finally, Tower Research Capital LLC TRC grew its stake in shares of ProShares UltraPro QQQ by 203.2% during the 3rd quarter. Tower Research Capital LLC TRC now owns 140,608 shares of the exchange traded fund’s stock valued at $10,003,000 after buying an additional 94,227 shares during the period.

Shares of NASDAQ TQQQ opened at $55.32 on Friday. ProShares UltraPro QQQ has a 52-week low of $30.32 and a 52-week high of $73.36.

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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.

Further Reading: Capital gains and your 401(k) or IRA

Institutional Ownership by Quarter for ProShares UltraPro QQQ (NASDAQ:TQQQ)

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