Moors & Cabot Inc. Acquires 7,100 Shares of ProShares UltraPro QQQ $TQQQ

Moors & Cabot Inc. raised its holdings in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) by 100.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,200 shares of the exchange traded fund’s stock after acquiring an additional 7,100 shares during the period. Moors & Cabot Inc.’s holdings in ProShares UltraPro QQQ were worth $749,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. WFA of San Diego LLC bought a new position in ProShares UltraPro QQQ during the second quarter valued at approximately $25,000. CoreCap Advisors LLC boosted its stake in shares of ProShares UltraPro QQQ by 69.8% during the fourth quarter. CoreCap Advisors LLC now owns 584 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 240 shares during the period. BOKF NA purchased a new stake in shares of ProShares UltraPro QQQ during the third quarter valued at approximately $31,000. Dogwood Wealth Management LLC purchased a new stake in shares of ProShares UltraPro QQQ during the fourth quarter valued at approximately $44,000. Finally, Halbert Hargrove Global Advisors LLC boosted its stake in shares of ProShares UltraPro QQQ by 100.0% during the fourth quarter. Halbert Hargrove Global Advisors LLC now owns 852 shares of the exchange traded fund’s stock valued at $45,000 after purchasing an additional 426 shares during the period.

ProShares UltraPro QQQ Stock Performance

NASDAQ:TQQQ opened at $84.56 on Monday. The firm has a market cap of $41.70 billion, a PE ratio of 38.25 and a beta of 3.66. ProShares UltraPro QQQ has a fifty-two week low of $33.52 and a fifty-two week high of $85.70. The business has a 50 day moving average price of $60.49 and a 200-day moving average price of $55.10.

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. ProShare Advisors LLC (ProShare Advisors) provides the investment advisory and management services for the Fund.