Paragon Advisors LLC Decreases Stake in ProShares UltraPro QQQ (NASDAQ:TQQQ)

Paragon Advisors LLC decreased its stake in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 76.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 178,256 shares of the exchange traded fund's stock after selling 563,415 shares during the period. ProShares UltraPro QQQ comprises 4.8% of Paragon Advisors LLC's portfolio, making the stock its 5th largest holding. Paragon Advisors LLC owned about 0.06% of ProShares UltraPro QQQ worth $14,105,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Avidian Wealth Enterprises LLC lifted its stake in shares of ProShares UltraPro QQQ by 8.8% in 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 period. Oriental Harbor Investment Fund purchased a new stake in ProShares UltraPro QQQ during the third quarter valued at approximately $82,199,000. IMC Chicago LLC raised its position in ProShares UltraPro QQQ by 1,145.4% in the third quarter. IMC Chicago LLC now owns 560,847 shares of the exchange traded fund's stock worth $40,656,000 after acquiring an additional 515,815 shares during the period. HighTower Advisors LLC boosted its stake in shares of ProShares UltraPro QQQ by 121.2% during the 3rd quarter. HighTower Advisors LLC now owns 12,389 shares of the exchange traded fund's stock worth $896,000 after acquiring an additional 6,788 shares during the last quarter. Finally, Cerity Partners LLC grew its position in shares of ProShares UltraPro QQQ by 30.5% during the 3rd quarter. Cerity Partners LLC now owns 29,339 shares of the exchange traded fund's stock valued at $2,127,000 after acquiring an additional 6,857 shares during the period.

ProShares UltraPro QQQ Price Performance

ProShares UltraPro QQQ stock traded down $0.80 during trading on Monday, reaching $76.03. The company had a trading volume of 55,893,184 shares, compared to its average volume of 56,441,691. The firm's 50-day simple moving average is $82.03 and its 200 day simple moving average is $74.24. ProShares UltraPro QQQ has a 52 week low of $47.87 and a 52 week high of $93.79.

ProShares UltraPro QQQ Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were paid a $0.2754 dividend. The ex-dividend date of this dividend was Monday, December 23rd. This is an increase from ProShares UltraPro QQQ's previous dividend of $0.23.

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.