Foundations Investment Advisors LLC Buys 6,030 Shares of ProShares UltraPro QQQ $TQQQ

Foundations Investment Advisors LLC increased its stake in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 82.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,384 shares of the exchange traded fund’s stock after purchasing an additional 6,030 shares during the period. Foundations Investment Advisors LLC’s holdings in ProShares UltraPro QQQ were worth $706,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Howard Capital Management Inc. increased its position in shares of ProShares UltraPro QQQ by 83.6% in the fourth quarter. Howard Capital Management Inc. now owns 8,465,262 shares of the exchange traded fund’s stock worth $446,289,000 after purchasing an additional 3,855,510 shares during the last quarter. Oriental Harbor Investment Master Fund increased its position in shares of ProShares UltraPro QQQ by 100.0% in the fourth quarter. Oriental Harbor Investment Master Fund now owns 2,401,640 shares of the exchange traded fund’s stock worth $126,614,000 after purchasing an additional 1,200,820 shares during the last quarter. PPSC Investment Service Corp increased its position in shares of ProShares UltraPro QQQ by 116.1% in the fourth quarter. PPSC Investment Service Corp now owns 1,248,785 shares of the exchange traded fund’s stock worth $65,836,000 after purchasing an additional 671,023 shares during the last quarter. McElhenny Sheffield Capital Management LLC increased its position in shares of ProShares UltraPro QQQ by 77.7% in the fourth quarter. McElhenny Sheffield Capital Management LLC now owns 1,213,489 shares of the exchange traded fund’s stock worth $63,975,000 after purchasing an additional 530,708 shares during the last quarter. Finally, Cantor Fitzgerald L. P. boosted its stake in ProShares UltraPro QQQ by 823.5% in the third quarter. Cantor Fitzgerald L. P. now owns 779,017 shares of the exchange traded fund’s stock worth $80,550,000 after buying an additional 694,661 shares in the last quarter.

ProShares UltraPro QQQ Price Performance

Shares of TQQQ opened at $86.04 on Tuesday. The firm has a market cap of $42.43 billion, a P/E ratio of 38.25 and a beta of 3.66. The stock has a 50 day simple moving average of $61.29 and a two-hundred day simple moving average of $55.32. ProShares UltraPro QQQ has a 1 year low of $34.35 and a 1 year high of $87.06.

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