ProShares UltraPro QQQ $TQQQ Stock Position Lessened by BXM Wealth LLC

BXM Wealth LLC lessened its stake in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) by 40.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 69,338 shares of the exchange traded fund’s stock after selling 47,875 shares during the quarter. ProShares UltraPro QQQ comprises about 2.2% of BXM Wealth LLC’s investment portfolio, making the stock its 10th biggest holding. BXM Wealth LLC’s holdings in ProShares UltraPro QQQ were worth $2,890,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Sherman Wealth Management LLC purchased a new position in shares of ProShares UltraPro QQQ in the 4th quarter worth $2,249,000. Paragon Advisors LLC increased its position in ProShares UltraPro QQQ by 104.6% during the fourth quarter. Paragon Advisors LLC now owns 146,543 shares of the exchange traded fund’s stock valued at $7,726,000 after acquiring an additional 74,933 shares during the last quarter. MFG Wealth Management Inc. lifted its holdings in ProShares UltraPro QQQ by 98.3% in the fourth 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. Spire Wealth Management lifted its holdings in ProShares UltraPro QQQ by 4,456.0% in the fourth quarter. Spire Wealth Management now owns 28,657 shares of the exchange traded fund’s stock valued at $1,511,000 after acquiring an additional 28,028 shares during the period. Finally, Diversified Trust Co. boosted its position in ProShares UltraPro QQQ by 100.0% in the fourth quarter. Diversified Trust Co. now owns 110,000 shares of the exchange traded fund’s stock worth $5,799,000 after purchasing an additional 55,000 shares during the last quarter.

ProShares UltraPro QQQ Stock Up 7.5%

ProShares UltraPro QQQ stock opened at $77.19 on Tuesday. The business has a 50-day simple moving average of $74.32 and a two-hundred day simple moving average of $58.90. The company has a market cap of $38.07 billion, a P/E ratio of 38.25 and a beta of 3.71. ProShares UltraPro QQQ has a 52-week low of $37.32 and a 52-week high of $88.09.

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.