Mycio Wealth Partners LLC bought a new position in ProShares UltraPro QQQ (NASDAQ:TQQQ) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 676 shares of the exchange traded fund’s stock, valued at approximately $42,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Crosspoint Capital Strategies LLC bought a new stake in shares of ProShares UltraPro QQQ in the 1st quarter worth approximately $1,997,000. Coastal Investment Advisors Inc. lifted its holdings in shares of ProShares UltraPro QQQ by 28,263.2% in the 2nd quarter. Coastal Investment Advisors Inc. now owns 33,185 shares of the exchange traded fund’s stock worth $2,048,000 after purchasing an additional 33,068 shares during the last quarter. Stuart Chaussee & Associates Inc. bought a new stake in shares of ProShares UltraPro QQQ in the 1st quarter worth approximately $1,147,000. Pinnacle Associates Ltd. bought a new stake in shares of ProShares UltraPro QQQ in the 1st quarter worth approximately $646,000. Finally, XR Securities LLC bought a new stake in shares of ProShares UltraPro QQQ in the 2nd quarter worth approximately $562,000.
Shares of NASDAQ TQQQ traded up $0.15 during mid-day trading on Friday, hitting $61.55. The company had a trading volume of 795,981 shares, compared to its average volume of 18,403,951. The firm’s 50 day simple moving average is $64.28 and its two-hundred day simple moving average is $58.88. ProShares UltraPro QQQ has a 12 month low of $30.32 and a 12 month high of $73.36.
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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