World Equity Group Inc. Takes $2.57 Million Position in ProShares UltraPro QQQ (NASDAQ:TQQQ)

World Equity Group Inc. acquired a new stake in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 35,400 shares of the exchange traded fund's stock, valued at approximately $2,566,000. ProShares UltraPro QQQ comprises 0.9% of World Equity Group Inc.'s portfolio, making the stock its 22nd biggest position.

A number of other hedge funds have also made changes to their positions in the business. Turim 21 Investimentos Ltda. grew its stake in ProShares UltraPro QQQ by 98.5% during the 2nd quarter. Turim 21 Investimentos Ltda. now owns 665 shares of the exchange traded fund's stock worth $49,000 after buying an additional 330 shares during the last quarter. Hantz Financial Services Inc. purchased a new position in ProShares UltraPro QQQ during the 2nd quarter worth approximately $68,000. Signaturefd LLC grew its stake in ProShares UltraPro QQQ by 153.8% during the 3rd quarter. Signaturefd LLC now owns 1,081 shares of the exchange traded fund's stock worth $78,000 after buying an additional 655 shares during the last quarter. Farther Finance Advisors LLC grew its stake in ProShares UltraPro QQQ by 235.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,541 shares of the exchange traded fund's stock worth $112,000 after buying an additional 1,082 shares during the last quarter. Finally, Fairfield Financial Advisors LTD purchased a new position in ProShares UltraPro QQQ during the 2nd quarter worth approximately $117,000.

ProShares UltraPro QQQ Trading Down 0.9 %

NASDAQ:TQQQ traded down $0.66 during mid-day trading on Monday, reaching $70.27. 40,678,601 shares of the stock were exchanged, compared to its average volume of 60,787,367. The company has a 50 day simple moving average of $69.87 and a 200-day simple moving average of $67.69. ProShares UltraPro QQQ has a 1 year low of $37.32 and a 1 year high of $85.20.

ProShares UltraPro QQQ Increases Dividend

The company also recently declared a dividend, which was paid on Wednesday, October 2nd. Investors of record on Wednesday, September 25th were paid a dividend of $0.2302 per share. 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 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.