Parallel Advisors LLC Buys 928 Shares of ProShares UltraPro QQQ (NASDAQ:TQQQ)

Parallel Advisors LLC increased its stake in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 24.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,758 shares of the exchange traded fund’s stock after buying an additional 928 shares during the quarter. Parallel Advisors LLC’s holdings in ProShares UltraPro QQQ were worth $351,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in TQQQ. Jane Street Group LLC raised its position in ProShares UltraPro QQQ by 444.5% during the first quarter. Jane Street Group LLC now owns 10,280,259 shares of the exchange traded fund’s stock worth $632,853,000 after acquiring an additional 8,392,312 shares in the last quarter. Flow Traders U.S. LLC raised its holdings in shares of ProShares UltraPro QQQ by 433.9% in the 1st quarter. Flow Traders U.S. LLC now owns 1,532,199 shares of the exchange traded fund’s stock valued at $94,322,000 after purchasing an additional 1,245,229 shares during the period. Howard Capital Management Inc. lifted its stake in ProShares UltraPro QQQ by 7.1% in the 2nd quarter. Howard Capital Management Inc. now owns 378,154 shares of the exchange traded fund’s stock valued at $27,929,000 after purchasing an additional 25,087 shares during the last quarter. Avidian Wealth Solutions LLC lifted its stake in ProShares UltraPro QQQ by 10.7% in the 1st quarter. Avidian Wealth Solutions LLC now owns 177,959 shares of the exchange traded fund’s stock valued at $10,955,000 after purchasing an additional 17,245 shares during the last quarter. Finally, PPSC Investment Service Corp bought a new position in ProShares UltraPro QQQ during the second quarter worth about $12,662,000.

ProShares UltraPro QQQ Price Performance

Shares of NASDAQ TQQQ opened at $65.62 on Thursday. The business’s 50 day moving average price is $66.86 and its two-hundred day moving average price is $64.82. ProShares UltraPro QQQ has a twelve month low of $30.47 and a twelve month high of $85.20.

ProShares UltraPro QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 3rd. Investors of record on Wednesday, June 26th were paid a $0.2828 dividend. This represents a $1.13 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date was Wednesday, June 26th. This is a boost from ProShares UltraPro QQQ’s previous quarterly 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.