ProShares UltraPro QQQ $TQQQ Stock: Calamos Wealth Management LLC Increases Position

Calamos Wealth Management LLC grew its stake in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 1,194.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 124,770 shares of the exchange traded fund’s stock after purchasing an additional 115,131 shares during the period. Calamos Wealth Management LLC’s holdings in ProShares UltraPro QQQ were worth $9,736,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Quadcap Wealth Management LLC acquired a new stake in shares of ProShares UltraPro QQQ in the 3rd quarter worth $231,000. Ridgepath Capital Management LLC increased its stake in shares of ProShares UltraPro QQQ by 5.8% during the third quarter. Ridgepath Capital Management LLC now owns 69,435 shares of the exchange traded fund’s stock worth $5,418,000 after acquiring an additional 3,778 shares during the period. Intrua Financial LLC raised its holdings in ProShares UltraPro QQQ by 4.1% during the third quarter. Intrua Financial LLC now owns 26,435 shares of the exchange traded fund’s stock worth $2,063,000 after purchasing an additional 1,035 shares in the last quarter. International Assets Investment Management LLC raised its holdings in ProShares UltraPro QQQ by 3,657.7% during the third quarter. International Assets Investment Management LLC now owns 121,223 shares of the exchange traded fund’s stock worth $9,459,000 after purchasing an additional 117,997 shares in the last quarter. Finally, Founders Financial Securities LLC acquired a new stake in ProShares UltraPro QQQ in the third quarter valued at about $1,424,000.

ProShares UltraPro QQQ Stock Performance

NASDAQ:TQQQ traded up $1.78 during mid-day trading on Friday, reaching $52.25. The stock had a trading volume of 99,259,855 shares, compared to its average volume of 77,864,836. ProShares UltraPro QQQ has a twelve month low of $37.32 and a twelve month high of $88.09. The business has a 50 day simple moving average of $72.20 and a 200 day simple moving average of $65.52. The firm has a market capitalization of $28.18 billion, a price-to-earnings ratio of 38.25 and a beta of 3.73.

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.