Ashton Thomas Private Wealth LLC Has $3.95 Million Stock Position in ProShares UltraPro QQQ (NASDAQ:TQQQ)

Ashton Thomas Private Wealth LLC reduced its stake in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 45.9% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 54,502 shares of the exchange traded fund's stock after selling 46,239 shares during the period. Ashton Thomas Private Wealth LLC's holdings in ProShares UltraPro QQQ were worth $3,951,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Turim 21 Investimentos Ltda. increased its holdings in ProShares UltraPro QQQ by 98.5% in the 2nd quarter. Turim 21 Investimentos Ltda. now owns 665 shares of the exchange traded fund's stock valued at $49,000 after purchasing an additional 330 shares during the last quarter. Hantz Financial Services Inc. acquired a new stake in shares of ProShares UltraPro QQQ during the second quarter worth about $68,000. Signaturefd LLC boosted its stake in shares of ProShares UltraPro QQQ by 153.8% during the third quarter. Signaturefd LLC now owns 1,081 shares of the exchange traded fund's stock worth $78,000 after buying an additional 655 shares during the period. Farther Finance Advisors LLC lifted its position in ProShares UltraPro QQQ by 235.7% in the third quarter. Farther Finance Advisors LLC now owns 1,541 shares of the exchange traded fund's stock valued at $112,000 after purchasing an additional 1,082 shares during the period. Finally, Fairfield Financial Advisors LTD acquired a new stake in ProShares UltraPro QQQ in the second quarter valued at about $117,000.

ProShares UltraPro QQQ Trading Down 0.5 %

ProShares UltraPro QQQ stock traded down $0.45 during mid-day trading on Tuesday, reaching $82.15. The company had a trading volume of 33,651,325 shares, compared to its average volume of 60,278,902. The stock's 50-day simple moving average is $71.12 and its 200-day simple moving average is $68.79. ProShares UltraPro QQQ has a 1 year low of $39.75 and a 1 year high of $85.20.

ProShares UltraPro QQQ Increases Dividend

The business also recently declared a dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Wednesday, September 25th were issued a $0.2302 dividend. The ex-dividend date of this dividend was Wednesday, September 25th. This is a positive change from ProShares UltraPro QQQ's previous dividend of $0.22.

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.