M&T Bank Corp Acquires 6,827 Shares of ProShares UltraPro QQQ $TQQQ

M&T Bank Corp raised its holdings in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 100.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 13,654 shares of the exchange traded fund’s stock after acquiring an additional 6,827 shares during the quarter. M&T Bank Corp’s holdings in ProShares UltraPro QQQ were worth $720,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. WFA of San Diego LLC bought a new position in ProShares UltraPro QQQ in the second quarter valued at approximately $25,000. BOKF NA bought a new position in ProShares UltraPro QQQ in the third quarter valued at approximately $31,000. CoreCap Advisors LLC boosted its stake in ProShares UltraPro QQQ by 69.8% in the fourth quarter. CoreCap Advisors LLC now owns 584 shares of the exchange traded fund’s stock valued at $31,000 after acquiring an additional 240 shares during the last quarter. Halbert Hargrove Global Advisors LLC boosted its stake in ProShares UltraPro QQQ by 100.0% in the fourth quarter. Halbert Hargrove Global Advisors LLC now owns 852 shares of the exchange traded fund’s stock valued at $45,000 after acquiring an additional 426 shares during the last quarter. Finally, Keystone Financial Group Inc. boosted its stake in ProShares UltraPro QQQ by 100.2% in the fourth quarter. Keystone Financial Group Inc. now owns 1,103 shares of the exchange traded fund’s stock valued at $58,000 after acquiring an additional 552 shares during the last quarter.

ProShares UltraPro QQQ Stock Performance

Shares of TQQQ stock opened at $76.96 on Tuesday. ProShares UltraPro QQQ has a 52-week low of $31.93 and a 52-week high of $77.36. The stock has a market cap of $37.95 billion, a PE ratio of 38.25 and a beta of 3.66. The firm’s 50 day moving average price is $52.15 and its two-hundred day moving average price is $52.95.

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.