Ridgepath Capital Management LLC Has $9.79 Million Position in ProShares UltraPro QQQ (NASDAQ:TQQQ)

Ridgepath Capital Management LLC raised its holdings in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 47.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 135,048 shares of the exchange traded fund's stock after purchasing an additional 43,225 shares during the period. ProShares UltraPro QQQ comprises approximately 7.8% of Ridgepath Capital Management LLC's holdings, making the stock its 3rd largest holding. Ridgepath Capital Management LLC's holdings in ProShares UltraPro QQQ were worth $9,790,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Jane Street Group LLC boosted its stake in ProShares UltraPro QQQ by 444.5% during the 1st quarter. Jane Street Group LLC now owns 10,280,259 shares of the exchange traded fund's stock valued at $632,853,000 after purchasing an additional 8,392,312 shares in the last quarter. Flow Traders U.S. LLC increased its position in shares of ProShares UltraPro QQQ by 433.9% in the first quarter. Flow Traders U.S. LLC now owns 1,532,199 shares of the exchange traded fund's stock worth $94,322,000 after acquiring an additional 1,245,229 shares in the last quarter. International Assets Investment Management LLC raised its stake in ProShares UltraPro QQQ by 14,257.8% during the 3rd quarter. International Assets Investment Management LLC now owns 287,155 shares of the exchange traded fund's stock valued at $20,816,000 after purchasing an additional 285,155 shares during the period. PPSC Investment Service Corp purchased a new stake in shares of ProShares UltraPro QQQ in the second quarter valued at $12,662,000. Finally, DRW Securities LLC boosted its position in shares of ProShares UltraPro QQQ by 1,607.2% in the second quarter. DRW Securities LLC now owns 61,580 shares of the exchange traded fund's stock worth $4,577,000 after buying an additional 57,973 shares during the period.

ProShares UltraPro QQQ Stock Up 0.1 %

ProShares UltraPro QQQ stock traded up $0.07 during mid-day trading on Monday, hitting $74.81. The company's stock had a trading volume of 34,407,224 shares, compared to its average volume of 61,102,199. ProShares UltraPro QQQ has a 52-week low of $31.58 and a 52-week high of $85.20. The firm's 50 day moving average is $69.66 and its 200 day moving average is $67.20.

ProShares UltraPro QQQ Increases Dividend

The business also recently declared a dividend, which was paid on Wednesday, October 2nd. Stockholders 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 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.