ATX Financial Planning LLC Invests $2.06 Million in ProShares UltraPro QQQ $TQQQ

ATX Financial Planning LLC bought a new position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 39,049 shares of the exchange traded fund’s stock, valued at approximately $2,059,000. ProShares UltraPro QQQ comprises 1.6% of ATX Financial Planning LLC’s holdings, making the stock its 14th biggest position.

Several other hedge funds also recently added to or reduced their stakes in TQQQ. Axxcess Wealth Management LLC increased its position in ProShares UltraPro QQQ by 100.0% during the 4th quarter. Axxcess Wealth Management LLC now owns 4,074 shares of the exchange traded fund’s stock valued at $215,000 after buying an additional 2,037 shares in the last quarter. Corient Private Wealth LLC boosted its holdings in ProShares UltraPro QQQ by 80.1% in the fourth quarter. Corient Private Wealth LLC now owns 194,368 shares of the exchange traded fund’s stock worth $10,247,000 after acquiring an additional 86,453 shares in the last quarter. Strive Financial Group LLC purchased a new stake in shares of ProShares UltraPro QQQ during the fourth quarter worth about $451,000. Mercer Global Advisors Inc. ADV grew its stake in shares of ProShares UltraPro QQQ by 25.8% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 24,406 shares of the exchange traded fund’s stock worth $1,287,000 after acquiring an additional 5,005 shares during the last quarter. Finally, Onyx Bridge Wealth Group LLC increased its holdings in shares of ProShares UltraPro QQQ by 100.0% during the fourth quarter. Onyx Bridge Wealth Group LLC now owns 12,907 shares of the exchange traded fund’s stock valued at $680,000 after acquiring an additional 6,453 shares in the last quarter.

ProShares UltraPro QQQ Stock Up 6.9%

TQQQ opened at $82.87 on Friday. The company has a market cap of $40.87 billion, a P/E ratio of 38.25 and a beta of 3.71. The firm’s 50-day moving average price is $70.83 and its 200-day moving average price is $57.86. ProShares UltraPro QQQ has a 52-week low of $35.71 and a 52-week high of $88.09.

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.