Rehmann Capital Advisory Group purchased a new stake in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 1,551 shares of the exchange traded fund’s stock, valued at approximately $88,000.
Other large investors have also recently bought and sold shares of the company. Crosspoint Capital Strategies LLC acquired a new position in shares of ProShares UltraPro QQQ during the first quarter valued at $1,997,000. Institutional & Family Asset Management LLC boosted its stake in ProShares UltraPro QQQ by 304.6% during the first quarter. Institutional & Family Asset Management LLC now owns 5,600 shares of the exchange traded fund’s stock valued at $317,000 after buying an additional 4,216 shares in the last quarter. Pinnacle Associates Ltd. bought a new position in ProShares UltraPro QQQ during the first quarter valued at about $646,000. Stuart Chaussee & Associates Inc. bought a new position in ProShares UltraPro QQQ during the first quarter valued at about $1,147,000. Finally, First Midwest Bank Trust Division boosted its stake in ProShares UltraPro QQQ by 53.4% during the first quarter. First Midwest Bank Trust Division now owns 14,500 shares of the exchange traded fund’s stock valued at $822,000 after buying an additional 5,050 shares in the last quarter.
TQQQ stock traded up $1.13 during trading hours on Friday, hitting $68.49. 11,121,258 shares of the stock traded hands, compared to its average volume of 17,714,697. The firm has a 50-day moving average of $59.24. ProShares UltraPro QQQ has a one year low of $30.32 and a one year 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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