Maridea Wealth Management LLC Has $363,000 Stake in ProShares UltraPro QQQ $TQQQ

Maridea Wealth Management LLC lowered its position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) by 48.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,720 shares of the exchange traded fund’s stock after selling 8,037 shares during the period. Maridea Wealth Management LLC’s holdings in ProShares UltraPro QQQ were worth $363,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Sherman Wealth Management LLC acquired a new position in shares of ProShares UltraPro QQQ in the fourth quarter valued at approximately $2,249,000. Paragon Advisors LLC grew its holdings in ProShares UltraPro QQQ by 104.6% during the 4th quarter. Paragon Advisors LLC now owns 146,543 shares of the exchange traded fund’s stock worth $7,726,000 after acquiring an additional 74,933 shares during the last quarter. Spire Wealth Management grew its holdings in ProShares UltraPro QQQ by 4,456.0% during the 4th quarter. Spire Wealth Management now owns 28,657 shares of the exchange traded fund’s stock worth $1,511,000 after acquiring an additional 28,028 shares during the last quarter. MFG Wealth Management Inc. increased its position in ProShares UltraPro QQQ by 98.3% in the 4th quarter. MFG Wealth Management Inc. now owns 67,453 shares of the exchange traded fund’s stock valued at $3,556,000 after acquiring an additional 33,442 shares during the period. Finally, Diversified Trust Co. increased its position in ProShares UltraPro QQQ by 100.0% in the 4th quarter. Diversified Trust Co. now owns 110,000 shares of the exchange traded fund’s stock valued at $5,799,000 after acquiring an additional 55,000 shares during the period.

ProShares UltraPro QQQ Stock Performance

Shares of NASDAQ:TQQQ opened at $71.83 on Monday. ProShares UltraPro QQQ has a 52 week low of $37.32 and a 52 week high of $88.09. The firm has a market cap of $35.42 billion, a PE ratio of 38.25 and a beta of 3.71. The firm’s fifty day moving average is $73.90 and its 200-day moving average is $58.75.

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.