World Equity Group Inc. Reduces Stake in ProShares UltraPro QQQ $TQQQ

World Equity Group Inc. lowered its stake in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 73.3% in the 1st quarter, Holdings Channel reports. The firm owned 7,302 shares of the exchange traded fund’s stock after selling 20,000 shares during the quarter. World Equity Group Inc.’s holdings in ProShares UltraPro QQQ were worth $304,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in TQQQ. Sherman Wealth Management LLC bought a new position in shares of ProShares UltraPro QQQ in the fourth quarter valued at approximately $2,249,000. Paragon Advisors LLC grew its stake in ProShares UltraPro QQQ by 104.6% during the fourth quarter. Paragon Advisors LLC now owns 146,543 shares of the exchange traded fund’s stock valued at $7,726,000 after acquiring an additional 74,933 shares in the last quarter. Spire Wealth Management increased its holdings in ProShares UltraPro QQQ by 4,456.0% during the 4th quarter. Spire Wealth Management now owns 28,657 shares of the exchange traded fund’s stock worth $1,511,000 after acquiring an additional 28,028 shares during the period. Independent Financial Group LLC bought a new stake in ProShares UltraPro QQQ during the 1st quarter worth approximately $12,430,000. Finally, Q3 Asset Management lifted its stake in ProShares UltraPro QQQ by 353.5% in the 4th quarter. Q3 Asset Management now owns 234,413 shares of the exchange traded fund’s stock worth $12,358,000 after purchasing an additional 182,719 shares in the last quarter.

ProShares UltraPro QQQ Price Performance

NASDAQ TQQQ opened at $67.53 on Monday. The company’s 50 day simple moving average is $77.29 and its two-hundred day simple moving average is $60.92. ProShares UltraPro QQQ has a 1 year low of $37.32 and a 1 year high of $88.09. The stock has a market capitalization of $32.59 billion, a PE ratio of 38.25 and a beta of 3.69.

ProShares UltraPro QQQ 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.