Paragon Advisors LLC increased its holdings in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 22.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 741,671 shares of the exchange traded fund's stock after purchasing an additional 138,343 shares during the quarter. ProShares UltraPro QQQ makes up 17.5% of Paragon Advisors LLC's portfolio, making the stock its biggest holding. Paragon Advisors LLC owned approximately 0.23% of ProShares UltraPro QQQ worth $53,764,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Physician Wealth Advisors Inc. grew its holdings in ProShares UltraPro QQQ by 1.9% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 7,723 shares of the exchange traded fund's stock valued at $565,000 after buying an additional 143 shares in the last quarter. Sheaff Brock Investment Advisors LLC grew its stake in ProShares UltraPro QQQ by 0.6% during the third quarter. Sheaff Brock Investment Advisors LLC now owns 26,075 shares of the exchange traded fund's stock valued at $1,890,000 after acquiring an additional 158 shares in the last quarter. Everhart Financial Group Inc. increased its holdings in ProShares UltraPro QQQ by 5.0% in the 2nd quarter. Everhart Financial Group Inc. now owns 3,469 shares of the exchange traded fund's stock valued at $256,000 after acquiring an additional 166 shares during the last quarter. Capital Investment Advisors LLC lifted its stake in ProShares UltraPro QQQ by 0.4% in the 3rd quarter. Capital Investment Advisors LLC now owns 44,082 shares of the exchange traded fund's stock worth $3,196,000 after purchasing an additional 178 shares in the last quarter. Finally, Golden State Equity Partners boosted its holdings in shares of ProShares UltraPro QQQ by 5.2% during the 3rd quarter. Golden State Equity Partners now owns 4,182 shares of the exchange traded fund's stock valued at $303,000 after purchasing an additional 205 shares during the last quarter.
ProShares UltraPro QQQ Trading Down 7.2 %
Shares of TQQQ stock traded down $5.79 during trading hours on Friday, hitting $74.27. The stock had a trading volume of 60,300,765 shares, compared to its average volume of 60,080,094. ProShares UltraPro QQQ has a one year low of $41.73 and a one year high of $85.20. The stock's 50-day moving average price is $72.62 and its two-hundred day moving average price is $69.27.
ProShares UltraPro QQQ Increases Dividend
The company also recently declared a dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Wednesday, September 25th were issued a dividend of $0.2302 per share. The ex-dividend date was Wednesday, September 25th. This is a boost from ProShares UltraPro QQQ's previous dividend of $0.22.
About ProShares UltraPro QQQ
(
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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