Hollencrest Capital Management Buys 6,444 Shares of ProShares UltraPro QQQ (NASDAQ:TQQQ)

Hollencrest Capital Management grew its holdings in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 2,557.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,696 shares of the exchange traded fund's stock after purchasing an additional 6,444 shares during the period. Hollencrest Capital Management's holdings in ProShares UltraPro QQQ were worth $485,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in TQQQ. Avidian Wealth Enterprises LLC increased its stake in shares of ProShares UltraPro QQQ by 8.8% during the 3rd quarter. Avidian Wealth Enterprises LLC now owns 210,376 shares of the exchange traded fund's stock worth $15,250,000 after purchasing an additional 17,017 shares during the last quarter. IMC Chicago LLC grew its stake in ProShares UltraPro QQQ by 1,145.4% in the 3rd quarter. IMC Chicago LLC now owns 560,847 shares of the exchange traded fund's stock valued at $40,656,000 after buying an additional 515,815 shares during the last quarter. Howard Capital Management Inc. grew its position in ProShares UltraPro QQQ by 7.1% in the 2nd quarter. Howard Capital Management Inc. now owns 378,154 shares of the exchange traded fund's stock worth $27,929,000 after purchasing an additional 25,087 shares during the last quarter. Primoris Wealth Advisors LLC acquired a new stake in ProShares UltraPro QQQ in the 2nd quarter worth $696,000. Finally, AE Wealth Management LLC grew its position in ProShares UltraPro QQQ by 289.9% in the 2nd quarter. AE Wealth Management LLC now owns 16,019 shares of the exchange traded fund's stock worth $1,183,000 after purchasing an additional 11,911 shares during the last quarter.

ProShares UltraPro QQQ Stock Performance

NASDAQ TQQQ traded up $0.20 during midday trading on Friday, hitting $82.75. The company had a trading volume of 35,029,951 shares, compared to its average volume of 60,515,004. The firm has a fifty day simple moving average of $70.84 and a two-hundred day simple moving average of $68.37. ProShares UltraPro QQQ has a fifty-two week low of $38.06 and a fifty-two week 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 given a $0.2302 dividend. This is a positive change from ProShares UltraPro QQQ's previous dividend of $0.22. The ex-dividend date of this dividend was Wednesday, September 25th.

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.