UBS Group AG Grows Holdings in ProShares UltraPro QQQ $TQQQ

UBS Group AG increased its position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) by 83.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 293,403 shares of the exchange traded fund’s stock after buying an additional 133,430 shares during the period. UBS Group AG owned about 0.05% of ProShares UltraPro QQQ worth $15,468,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Golden State Equity Partners grew its position in shares of ProShares UltraPro QQQ by 89.0% during the 4th quarter. Golden State Equity Partners now owns 8,103 shares of the exchange traded fund’s stock valued at $427,000 after buying an additional 3,816 shares during the last quarter. Wealth Alliance Advisory Group LLC grew its position in shares of ProShares UltraPro QQQ by 100.0% during the 4th quarter. Wealth Alliance Advisory Group LLC now owns 14,556 shares of the exchange traded fund’s stock valued at $767,000 after buying an additional 7,278 shares during the last quarter. Calamos Wealth Management LLC bought a new stake in shares of ProShares UltraPro QQQ during the 4th quarter valued at about $1,087,000. Segment Wealth Management LLC grew its position in shares of ProShares UltraPro QQQ by 65.3% during the 4th quarter. Segment Wealth Management LLC now owns 16,522 shares of the exchange traded fund’s stock valued at $871,000 after buying an additional 6,526 shares during the last quarter. Finally, Retirement Planning Co of New England Inc. grew its position in shares of ProShares UltraPro QQQ by 107.1% during the 4th quarter. Retirement Planning Co of New England Inc. now owns 53,623 shares of the exchange traded fund’s stock valued at $2,827,000 after buying an additional 27,731 shares during the last quarter.

ProShares UltraPro QQQ Stock Up 3.0%

Shares of NASDAQ:TQQQ opened at $77.24 on Thursday. ProShares UltraPro QQQ has a fifty-two week low of $32.43 and a fifty-two week high of $77.94. The firm has a 50-day simple moving average of $53.20 and a 200 day simple moving average of $53.28. The company has a market cap of $38.09 billion, a PE ratio of 38.25 and a beta of 3.66.

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.