Edgestream Partners L.P. Has $2.07 Million Position in ProShares UltraPro QQQ (NASDAQ:TQQQ)

Edgestream Partners L.P. increased its holdings in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 194.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,134 shares of the exchange traded fund's stock after purchasing an additional 17,263 shares during the period. Edgestream Partners L.P.'s holdings in ProShares UltraPro QQQ were worth $2,068,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the stock. RPg Family Wealth Advisory LLC acquired a new position in shares of ProShares UltraPro QQQ during the 3rd quarter worth about $32,000. PayPay Securities Corp increased its holdings in ProShares UltraPro QQQ by 119.3% in the 4th quarter. PayPay Securities Corp now owns 500 shares of the exchange traded fund's stock valued at $40,000 after purchasing an additional 272 shares during the last quarter. Beacon Capital Management LLC acquired a new position in ProShares UltraPro QQQ during the 4th quarter worth about $109,000. Farther Finance Advisors LLC lifted its position in shares of ProShares UltraPro QQQ by 235.7% during the third quarter. Farther Finance Advisors LLC now owns 1,541 shares of the exchange traded fund's stock worth $112,000 after purchasing an additional 1,082 shares in the last quarter. Finally, James J. Burns & Company LLC purchased a new position in ProShares UltraPro QQQ in the 4th quarter valued at approximately $206,000.

ProShares UltraPro QQQ Price Performance

Shares of TQQQ traded down $3.34 during midday trading on Thursday, reaching $57.79. The stock had a trading volume of 119,396,177 shares, compared to its average volume of 66,779,945. The company's fifty day simple moving average is $80.09 and its two-hundred day simple moving average is $77.17. The company has a market cap of $17.75 billion, a price-to-earnings ratio of 30.83 and a beta of 3.45. ProShares UltraPro QQQ has a 1-year low of $48.80 and a 1-year high of $93.79.

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ProShares UltraPro QQQ Increases Dividend

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

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.