Parallel Advisors LLC Cuts Stock Position in ProShares UltraPro QQQ $TQQQ

Parallel Advisors LLC cut its stake in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) by 45.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,413 shares of the exchange traded fund’s stock after selling 11,320 shares during the quarter. Parallel Advisors LLC’s holdings in ProShares UltraPro QQQ were worth $559,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. WFA of San Diego LLC purchased a new position in ProShares UltraPro QQQ during the 2nd quarter worth $25,000. BOKF NA purchased a new stake in shares of ProShares UltraPro QQQ in the third quarter valued at about $31,000. Rothschild Investment LLC boosted its holdings in shares of ProShares UltraPro QQQ by 100.0% in the fourth quarter. Rothschild Investment LLC now owns 700 shares of the exchange traded fund’s stock valued at $37,000 after acquiring an additional 350 shares in the last quarter. Dogwood Wealth Management LLC acquired a new position in shares of ProShares UltraPro QQQ during the fourth quarter worth about $44,000. Finally, Vermillion & White Wealth Management Group LLC increased its stake in shares of ProShares UltraPro QQQ by 100.0% during the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 828 shares of the exchange traded fund’s stock worth $44,000 after acquiring an additional 414 shares during the period.

ProShares UltraPro QQQ Stock Down 0.9%

NASDAQ TQQQ opened at $73.80 on Tuesday. The stock has a market capitalization of $37.53 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. The firm has a 50-day moving average price of $73.86 and a 200 day moving average price of $62.48.

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.