Drive Wealth Management LLC Acquires New Shares in ProShares UltraPro QQQ (NASDAQ:TQQQ)

Drive Wealth Management LLC acquired a new stake in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 14,000 shares of the exchange traded fund's stock, valued at approximately $1,108,000.

A number of other large investors also recently added to or reduced their stakes in TQQQ. RPg Family Wealth Advisory LLC purchased a new position in ProShares UltraPro QQQ during the third quarter worth about $32,000. Signaturefd LLC raised its holdings in shares of ProShares UltraPro QQQ by 153.8% in the 3rd quarter. Signaturefd LLC now owns 1,081 shares of the exchange traded fund's stock valued at $78,000 after purchasing an additional 655 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in ProShares UltraPro QQQ by 235.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,541 shares of the exchange traded fund's stock worth $112,000 after buying an additional 1,082 shares during the last quarter. Carnegie Investment Counsel acquired a new position in ProShares UltraPro QQQ in the fourth quarter valued at approximately $214,000. Finally, Ironwood Wealth Management LLC. acquired a new stake in ProShares UltraPro QQQ during the 2nd quarter worth $236,000.

ProShares UltraPro QQQ Trading Down 8.8 %

ProShares UltraPro QQQ stock traded down $7.61 during midday trading on Monday, hitting $79.14. 80,139,644 shares of the company's stock were exchanged, compared to its average volume of 52,107,539. ProShares UltraPro QQQ has a 12-month low of $48.80 and a 12-month high of $93.79. The firm's 50 day simple moving average is $82.78 and its 200 day simple moving average is $74.48.

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ProShares UltraPro QQQ Increases Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were issued a $0.2754 dividend. The ex-dividend date was Monday, December 23rd. This is a boost from ProShares UltraPro QQQ's previous dividend of $0.23.

About ProShares UltraPro QQQ

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.