Mon Jan 27 12:00:00 UTC 2025: ## Barclays Drastically Cuts Stake in ProShares UltraPro QQQ; Other Institutional Investors Make Moves

**Sioux Falls, SD – February 1, 2024** – Barclays PLC significantly reduced its holdings in ProShares UltraPro QQQ (TQQQ) during the third quarter, selling off 96.7% of its shares, according to a recent SEC filing. The firm now owns only 500 shares, valued at approximately $36,000, a dramatic decrease from its previous holdings.

This significant divestment comes as other institutional investors adjusted their positions in the leveraged ETF. While Barclays reduced its stake, several firms increased theirs. Discipline Wealth Solutions LLC entered a new position valued at $1.7 million, and Legacy Investment Solutions LLC acquired a stake worth roughly $310,000. Orion Portfolio Solutions LLC boosted its holdings by 15.4%, now owning $10.7 million worth of TQQQ shares, and HighTower Advisors LLC increased its position by 121.2%, reaching a value of $896,000. RPg Family Wealth Advisory LLC also initiated a new position worth approximately $32,000.

TQQQ shares closed at $86.75 on Friday, down $1.59, with a trading volume of 36,058,910 shares. The ETF’s 50-day moving average is $82.78, and its 200-day moving average is $74.48. The 12-month range for TQQQ is $48.80 to $93.79. The company recently paid a dividend of $0.2754 per share.

ProShares UltraPro QQQ seeks to deliver triple the daily performance of the NASDAQ-100 Index. While the ETF currently holds a Hold rating among analysts, MarketBeat notes that top analysts are recommending other stocks as better buys. MarketBeat also encourages investors to research stocks where corporate insiders are selling shares. For more information, please visit MarketBeat.

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