Edgestream Partners L.P. Has $643,000 Holdings in ProShares UltraPro QQQ (NASDAQ:TQQQ)

Edgestream Partners L.P. lowered its holdings in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 83.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,871 shares of the exchange traded fund's stock after selling 44,785 shares during the period. Edgestream Partners L.P.'s holdings in ProShares UltraPro QQQ were worth $643,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in TQQQ. RPg Family Wealth Advisory LLC purchased a new position in shares of ProShares UltraPro QQQ during the third quarter valued at $32,000. Turim 21 Investimentos Ltda. grew its holdings in shares of ProShares UltraPro QQQ by 98.5% during the second quarter. Turim 21 Investimentos Ltda. now owns 665 shares of the exchange traded fund's stock valued at $49,000 after buying an additional 330 shares in the last quarter. Hantz Financial Services Inc. purchased a new position in shares of ProShares UltraPro QQQ during the second quarter valued at $68,000. Signaturefd LLC grew its holdings 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 valued at $78,000 after buying an additional 655 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its holdings 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 valued at $112,000 after buying an additional 1,082 shares in the last quarter.

ProShares UltraPro QQQ Stock Performance

NASDAQ TQQQ traded up $1.71 on Friday, reaching $87.25. The stock had a trading volume of 24,612,315 shares, compared to its average volume of 58,762,645. The business has a 50 day moving average price of $76.09 and a 200 day moving average price of $71.36. ProShares UltraPro QQQ has a 1 year low of $43.11 and a 1 year high of $87.87.

ProShares UltraPro QQQ Increases Dividend

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

ProShares UltraPro QQQ 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.