Bessemer Group Inc. Lowers Stock Holdings in ProShares UltraPro QQQ $TQQQ

Bessemer Group Inc. lowered its position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) by 23.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,000 shares of the exchange traded fund’s stock after selling 8,000 shares during the period. Bessemer Group Inc.’s holdings in ProShares UltraPro QQQ were worth $1,084,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. WFA of San Diego LLC bought a new stake in ProShares UltraPro QQQ in the 2nd quarter worth approximately $25,000. CoreCap Advisors LLC raised its stake in shares of ProShares UltraPro QQQ by 69.8% during the fourth quarter. CoreCap Advisors LLC now owns 584 shares of the exchange traded fund’s stock worth $31,000 after acquiring an additional 240 shares in the last quarter. BOKF NA purchased a new position in shares of ProShares UltraPro QQQ during the third quarter worth approximately $31,000. Rothschild Investment LLC lifted its holdings in shares of ProShares UltraPro QQQ by 100.0% in the 4th quarter. Rothschild Investment LLC now owns 700 shares of the exchange traded fund’s stock worth $37,000 after acquiring an additional 350 shares during the last quarter. Finally, Dogwood Wealth Management LLC bought a new stake in shares of ProShares UltraPro QQQ in the 4th quarter worth approximately $44,000.

ProShares UltraPro QQQ Stock Performance

Shares of ProShares UltraPro QQQ stock opened at $66.30 on Friday. ProShares UltraPro QQQ has a 52-week low of $37.32 and a 52-week high of $88.09. The stock has a market capitalization of $32.21 billion, a price-to-earnings ratio of 38.25 and a beta of 3.69. The company has a fifty day moving average of $76.64 and a 200-day moving average of $61.37.

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.