Virtu Financial LLC bought a new stake in ProShares UltraPro QQQ ETF (NASDAQ:TQQQ) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 38,190 shares of the exchange traded fund’s stock, valued at approximately $4,363,000. ProShares UltraPro QQQ ETF makes up approximately 0.7% of Virtu Financial LLC’s investment portfolio, making the stock its 22nd largest position. Virtu Financial LLC owned approximately 0.24% of ProShares UltraPro QQQ ETF as of its most recent SEC filing.
Several other institutional investors and hedge funds have also added to or reduced their stakes in TQQQ. Simplex Trading LLC purchased a new stake in shares of ProShares UltraPro QQQ ETF during the third quarter worth $4,284,000. Intercontinental Wealth Advisors LLC purchased a new stake in shares of ProShares UltraPro QQQ ETF during the second quarter worth $2,690,000. Flow Traders U.S. LLC purchased a new stake in shares of ProShares UltraPro QQQ ETF during the third quarter worth $2,231,000. Jump Trading LLC purchased a new stake in shares of ProShares UltraPro QQQ ETF during the second quarter worth $391,000. Finally, Linscomb & Williams Inc. purchased a new stake in shares of ProShares UltraPro QQQ ETF during the second quarter worth $342,000.
Shares of ProShares UltraPro QQQ ETF (NASDAQ:TQQQ) traded up $7.12 during trading hours on Tuesday, hitting $145.84. The company had a trading volume of 3,813,699 shares, compared to its average volume of 3,334,300. ProShares UltraPro QQQ ETF has a twelve month low of $64.18 and a twelve month high of $147.29.
ILLEGAL ACTIVITY WARNING: This story was first posted by TrueBlueTribune and is owned by of TrueBlueTribune. If you are viewing this story on another website, it was copied illegally and reposted in violation of U.S. and international copyright law. The original version of this story can be read at https://www.truebluetribune.com/2018/01/03/virtu-financial-llc-takes-position-in-proshares-ultrapro-qqq-etf-tqqq.html.
About ProShares UltraPro QQQ ETF
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.
Receive News & Ratings for ProShares UltraPro QQQ ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares UltraPro QQQ ETF and related companies with MarketBeat.com's FREE daily email newsletter.