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.
COPYRIGHT VIOLATION NOTICE: “Citigroup Inc. Takes $1.33 Million Position in ProShares UltraPro QQQ (TQQQ)” was originally published by American Banking News and is the sole property of of American Banking News. If you are viewing this story on another publication, it was illegally copied and republished in violation of US & international trademark & copyright law. The original version of this story can be read at https://www.americanbankingnews.com/2019/03/17/citigroup-inc-takes-1-33-million-position-in-proshares-ultrapro-qqq-tqqq.html.
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
Receive News & Ratings for ProShares UltraPro QQQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares UltraPro QQQ and related companies with MarketBeat.com's FREE daily email newsletter.