Corient Private Wealth LLC trimmed its stake in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 68.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 64,207 shares of the exchange traded fund's stock after selling 140,819 shares during the quarter. Corient Private Wealth LLC's holdings in ProShares UltraPro QQQ were worth $5,081,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also made changes to their positions in the stock. SVB Wealth LLC purchased a new position in ProShares UltraPro QQQ in the fourth quarter valued at about $791,000. Chung Wu Investment Group LLC bought a new stake in shares of ProShares UltraPro QQQ in the 4th quarter valued at approximately $983,000. Drive Wealth Management LLC acquired a new position in ProShares UltraPro QQQ in the fourth quarter worth approximately $1,108,000. Oriental Harbor Investment Fund acquired a new position in ProShares UltraPro QQQ in the third quarter worth approximately $82,199,000. Finally, HighTower Advisors LLC raised its position in ProShares UltraPro QQQ by 121.2% during the third quarter. HighTower Advisors LLC now owns 12,389 shares of the exchange traded fund's stock valued at $896,000 after acquiring an additional 6,788 shares in the last quarter.
ProShares UltraPro QQQ Stock Down 5.8 %
Shares of TQQQ traded down $3.93 during mid-day trading on Wednesday, hitting $63.38. 77,794,995 shares of the company's stock were exchanged, compared to its average volume of 56,445,323. ProShares UltraPro QQQ has a twelve month low of $48.80 and a twelve month high of $93.79. The firm has a fifty day moving average of $77.00 and a two-hundred day moving average of $77.09. The stock has a market cap of $19.46 billion, a price-to-earnings ratio of 26.02 and a beta of 3.45.
ProShares UltraPro QQQ Profile
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Free Report)
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.
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