AE Wealth Management LLC raised its holdings in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 289.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,019 shares of the exchange traded fund's stock after buying an additional 11,911 shares during the quarter. AE Wealth Management LLC's holdings in ProShares UltraPro QQQ were worth $1,183,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Benjamin F. Edwards & Company Inc. purchased a new position in ProShares UltraPro QQQ in the first quarter worth approximately $37,000. Westend Capital Management LLC purchased a new position in shares of ProShares UltraPro QQQ during the 1st quarter worth $48,000. Hantz Financial Services Inc. acquired a new stake in shares of ProShares UltraPro QQQ during the 2nd quarter worth about $68,000. Massmutual Trust Co. FSB ADV purchased a new stake in ProShares UltraPro QQQ in the 1st quarter valued at about $63,000. Finally, Fairfield Financial Advisors LTD purchased a new stake in ProShares UltraPro QQQ in the 2nd quarter valued at about $117,000.
ProShares UltraPro QQQ Trading Up 0.0 %
TQQQ stock traded up $0.02 during mid-day trading on Wednesday, hitting $71.67. 31,697,838 shares of the company were exchanged, compared to its average volume of 63,201,797. The business has a fifty day simple moving average of $65.68 and a 200-day simple moving average of $65.13. ProShares UltraPro QQQ has a 12-month low of $30.47 and a 12-month high of $85.20.
About ProShares UltraPro QQQ
(
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.
See Also
Before you consider ProShares UltraPro QQQ, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ProShares UltraPro QQQ wasn't on the list.
While ProShares UltraPro QQQ currently has a "hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Click the link below to learn more about using beta to protect yourself.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
