EverSource Wealth Advisors LLC raised its holdings in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 10,714.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,924 shares of the exchange traded fund's stock after acquiring an additional 14,786 shares during the period. EverSource Wealth Advisors LLC's holdings in ProShares UltraPro QQQ were worth $1,181,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of TQQQ. HighTower Advisors LLC raised its holdings in shares of ProShares UltraPro QQQ by 38.6% during the 4th quarter. HighTower Advisors LLC now owns 17,168 shares of the exchange traded fund's stock valued at $1,358,000 after buying an additional 4,779 shares in the last quarter. Independent Advisor Alliance purchased a new position in shares of ProShares UltraPro QQQ during the 4th quarter valued at about $220,000. FWG Holdings LLC raised its holdings in shares of ProShares UltraPro QQQ by 45.1% during the 4th quarter. FWG Holdings LLC now owns 11,737 shares of the exchange traded fund's stock valued at $947,000 after buying an additional 3,650 shares in the last quarter. Sowell Financial Services LLC purchased a new position in shares of ProShares UltraPro QQQ during the 4th quarter valued at about $1,475,000. Finally, Edgestream Partners L.P. raised its holdings in shares of ProShares UltraPro QQQ by 194.6% during the 4th quarter. Edgestream Partners L.P. now owns 26,134 shares of the exchange traded fund's stock valued at $2,068,000 after buying an additional 17,263 shares in the last quarter.
ProShares UltraPro QQQ Trading Down 5.5 %
Shares of NASDAQ TQQQ opened at $57.79 on Friday. The stock 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. The stock's 50-day moving average is $80.09 and its 200 day moving average is $77.17.
ProShares UltraPro QQQ Increases Dividend
The business also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid 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
(
Free Report)
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.
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