Merit Financial Group LLC acquired a new stake in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,268 shares of the exchange traded fund's stock, valued at approximately $338,000.
A number of other hedge funds also recently bought and sold shares of the company. Avidian Wealth Enterprises LLC grew 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 valued at $15,250,000 after purchasing an additional 17,017 shares during the period. Oriental Harbor Investment Fund bought a new stake in ProShares UltraPro QQQ during the third quarter valued at approximately $82,199,000. IMC Chicago LLC grew its position in ProShares UltraPro QQQ by 1,145.4% during the third 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 period. HighTower Advisors LLC increased its holdings in ProShares UltraPro QQQ by 121.2% during the third quarter. HighTower Advisors LLC now owns 12,389 shares of the exchange traded fund's stock valued at $896,000 after buying an additional 6,788 shares during the last quarter. Finally, Cerity Partners LLC raised its position in ProShares UltraPro QQQ by 30.5% in the third quarter. Cerity Partners LLC now owns 29,339 shares of the exchange traded fund's stock worth $2,127,000 after acquiring an additional 6,857 shares during the period.
ProShares UltraPro QQQ Trading Down 1.8 %
Shares of TQQQ stock traded down $1.59 during mid-day trading on Friday, reaching $86.75. 36,058,910 shares of the company's stock traded hands, compared to its average volume of 50,226,699. ProShares UltraPro QQQ has a 12 month low of $48.80 and a 12 month high of $93.79. The firm has a 50 day moving average price of $82.78 and a two-hundred day moving average price of $74.56.
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 issued a dividend of $0.2754 per share. The ex-dividend date was Monday, December 23rd. This is a positive change 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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