World Equity Group Inc. boosted its holdings in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 35.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 48,016 shares of the exchange traded fund's stock after purchasing an additional 12,616 shares during the period. World Equity Group Inc.'s holdings in ProShares UltraPro QQQ were worth $3,800,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Oriental Harbor Investment Fund bought a new stake in shares of ProShares UltraPro QQQ in the 3rd quarter worth about $82,199,000. Paragon Advisors LLC boosted its position in ProShares UltraPro QQQ by 22.9% in the third quarter. Paragon Advisors LLC now owns 741,671 shares of the exchange traded fund's stock valued at $53,764,000 after buying an additional 138,343 shares in the last quarter. IMC Chicago LLC grew its stake 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 worth $40,656,000 after buying an additional 515,815 shares during the last quarter. PPSC Investment Service Corp grew its stake in ProShares UltraPro QQQ by 17.5% during the fourth quarter. PPSC Investment Service Corp now owns 446,415 shares of the exchange traded fund's stock worth $35,325,000 after buying an additional 66,582 shares during the last quarter. Finally, BNP Paribas Financial Markets acquired a new stake in shares of ProShares UltraPro QQQ during the third quarter worth approximately $21,747,000.
ProShares UltraPro QQQ Stock Up 0.6 %
Shares of TQQQ traded up $0.50 on Wednesday, hitting $78.12. The company's stock had a trading volume of 62,348,063 shares, compared to its average volume of 50,537,016. ProShares UltraPro QQQ has a fifty-two week low of $48.80 and a fifty-two week high of $93.79. The company has a 50 day moving average price of $83.50 and a 200 day moving average price of $77.19.
ProShares UltraPro QQQ Increases Dividend
The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders 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 a positive change from ProShares UltraPro QQQ's previous dividend of $0.23.
ProShares UltraPro QQQ Company 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.
Further Reading
Before you consider ProShares UltraPro QQQ, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ProShares UltraPro QQQ wasn't on the list.
While ProShares UltraPro QQQ currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are hedge funds and endowments buying in today's market? Enter your email address and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying now.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
