Larson Financial Group LLC reduced its stake in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 93.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,751 shares of the exchange traded fund's stock after selling 24,585 shares during the period. Larson Financial Group LLC's holdings in ProShares UltraPro QQQ were worth $139,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. SVB Wealth LLC purchased a new position in ProShares UltraPro QQQ in the 4th quarter worth approximately $791,000. Chung Wu Investment Group LLC purchased a new position in ProShares UltraPro QQQ in the 4th quarter worth approximately $983,000. Drive Wealth Management LLC purchased a new position in ProShares UltraPro QQQ in the 4th quarter worth approximately $1,108,000. Oriental Harbor Investment Fund purchased a new position in ProShares UltraPro QQQ in the 3rd quarter worth approximately $82,199,000. Finally, HighTower Advisors LLC lifted its holdings in ProShares UltraPro QQQ by 121.2% in the 3rd quarter. HighTower Advisors LLC now owns 12,389 shares of the exchange traded fund's stock worth $896,000 after purchasing an additional 6,788 shares in the last quarter.
ProShares UltraPro QQQ Trading Down 1.2 %
NASDAQ TQQQ opened at $59.11 on Wednesday. The stock's 50 day moving average is $80.45 and its 200 day moving average is $77.28. ProShares UltraPro QQQ has a 12 month low of $48.80 and a 12 month high of $93.79. The stock has a market cap of $18.15 billion, a PE ratio of 30.83 and a beta of 3.45.
ProShares UltraPro QQQ Increases Dividend
The firm 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 of this dividend was Monday, December 23rd. This is a boost from ProShares UltraPro QQQ's previous dividend of $0.23.
ProShares UltraPro QQQ 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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Want to see what other hedge funds are holding TQQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report).
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