198,144 ProShares UltraPro QQQ $TQQQ Shares Sold by Avidian Wealth Enterprises LLC

Avidian Wealth Enterprises LLC cut its holdings in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) by 57.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 146,600 shares of the exchange traded fund’s stock after selling 198,144 shares during the period. Avidian Wealth Enterprises LLC’s holdings in ProShares UltraPro QQQ were worth $11,439,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in TQQQ. Ameritas Advisory Services LLC acquired a new position in shares of ProShares UltraPro QQQ during the 2nd quarter worth about $48,000. Trust Co. of Vermont acquired a new position in shares of ProShares UltraPro QQQ in the 2nd quarter valued at $58,000. Anchor Investment Management LLC bought a new position in ProShares UltraPro QQQ during the second quarter worth about $65,000. POM Investment Strategies LLC bought a new stake in shares of ProShares UltraPro QQQ in the second quarter worth about $70,000. Finally, CX Institutional acquired a new stake in shares of ProShares UltraPro QQQ during the second quarter worth about $88,000.

ProShares UltraPro QQQ Stock Down 4.3%

Shares of TQQQ traded down $3.64 on Thursday, hitting $79.98. The company’s stock had a trading volume of 38,034,096 shares, compared to its average volume of 77,929,992. The firm has a market capitalization of $38.60 billion, a price-to-earnings ratio of 38.25 and a beta of 3.71. The firm’s fifty day moving average price is $73.67 and its 200-day moving average price is $69.56. ProShares UltraPro QQQ has a fifty-two week low of $37.32 and a fifty-two 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.