Diversify Wealth Management LLC Acquires New Stake in ProShares UltraPro QQQ $TQQQ

Diversify Wealth Management LLC acquired a new position in ProShares UltraPro QQQ (NASDAQ:TQQQ) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 10,526 shares of the exchange traded fund’s stock, valued at approximately $439,000.

Other institutional investors also recently bought and sold shares of the company. Demars Financial Group LLC boosted its position in shares of ProShares UltraPro QQQ by 3.5% in the first quarter. Demars Financial Group LLC now owns 76,110 shares of the exchange traded fund’s stock worth $3,172,000 after purchasing an additional 2,540 shares during the period. Ascentis Independent Advisors raised its position in shares of ProShares UltraPro QQQ by 100.8% during the 1st quarter. Ascentis Independent Advisors now owns 16,271 shares of the exchange traded fund’s stock valued at $678,000 after purchasing an additional 8,168 shares during the period. Koshinski Asset Management Inc. lifted its stake in shares of ProShares UltraPro QQQ by 140.6% during the 1st quarter. Koshinski Asset Management Inc. now owns 17,259 shares of the exchange traded fund’s stock valued at $719,000 after buying an additional 10,087 shares in the last quarter. Clarity Wealth Advisors LLC boosted its holdings in ProShares UltraPro QQQ by 5.6% in the 1st quarter. Clarity Wealth Advisors LLC now owns 35,740 shares of the exchange traded fund’s stock worth $1,490,000 after buying an additional 1,900 shares during the period. Finally, Daviman Financial LLC increased its stake in ProShares UltraPro QQQ by 1.3% in the 1st quarter. Daviman Financial LLC now owns 13,592 shares of the exchange traded fund’s stock worth $567,000 after buying an additional 179 shares in the last quarter.

ProShares UltraPro QQQ Stock Down 4.5%

ProShares UltraPro QQQ stock opened at $67.53 on Friday. The firm’s fifty day moving average is $77.29 and its 200 day moving average is $60.88. The company has a market cap of $32.68 billion, a price-to-earnings ratio of 38.25 and a beta of 3.69. ProShares UltraPro QQQ has a 52-week low of $37.32 and a 52-week high of $88.09.

ProShares UltraPro QQQ Company 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.