Bessemer Group Inc. Sells 8,000 Shares of ProShares UltraPro QQQ $TQQQ

Bessemer Group Inc. reduced its position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) by 23.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,000 shares of the exchange traded fund’s stock after selling 8,000 shares during the period. Bessemer Group Inc.’s holdings in ProShares UltraPro QQQ were worth $1,084,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Independent Financial Group LLC bought a new stake in ProShares UltraPro QQQ during the first quarter valued at $12,430,000. IMC Chicago LLC increased its stake in ProShares UltraPro QQQ by 290.6% in the 1st quarter. IMC Chicago LLC now owns 289,517 shares of the exchange traded fund’s stock worth $12,067,000 after acquiring an additional 215,397 shares during the last quarter. Sanctuary Advisors LLC bought a new position in ProShares UltraPro QQQ in the 1st quarter worth about $353,000. Calamos Advisors LLC raised its holdings in shares of ProShares UltraPro QQQ by 602.7% in the 1st quarter. Calamos Advisors LLC now owns 20,610 shares of the exchange traded fund’s stock valued at $859,000 after acquiring an additional 24,710 shares in the last quarter. Finally, Global Assets Advisory LLC raised its holdings in shares of ProShares UltraPro QQQ by 8.0% in the 1st quarter. Global Assets Advisory LLC now owns 14,396 shares of the exchange traded fund’s stock valued at $600,000 after acquiring an additional 1,069 shares in the last quarter.

ProShares UltraPro QQQ Trading Down 5.7%

Shares of NASDAQ TQQQ opened at $66.30 on Friday. ProShares UltraPro QQQ has a 12 month low of $37.32 and a 12 month high of $88.09. The firm has a market capitalization of $32.21 billion, a price-to-earnings ratio of 38.25 and a beta of 3.69. The business has a 50-day moving average of $76.64 and a 200-day moving average of $61.37.

ProShares UltraPro QQQ Company Profile

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. ProShare Advisors LLC (ProShare Advisors) provides the investment advisory and management services for the Fund.