ProShares UltraPro QQQ (NASDAQ:TQQQ) Position Decreased by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. reduced its holdings in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 27.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,133 shares of the exchange traded fund’s stock after selling 3,032 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in ProShares UltraPro QQQ were worth $600,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Everhart Financial Group Inc. grew its holdings in shares of 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 worth $256,000 after acquiring an additional 166 shares during the last quarter. Sheaff Brock Investment Advisors LLC raised its holdings in ProShares UltraPro QQQ by 0.7% during the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 26,282 shares of the exchange traded fund’s stock worth $1,618,000 after buying an additional 187 shares during the period. Physician Wealth Advisors Inc. lifted its stake in ProShares UltraPro QQQ by 4.1% during the first quarter. Physician Wealth Advisors Inc. now owns 7,675 shares of the exchange traded fund’s stock valued at $472,000 after buying an additional 302 shares in the last quarter. Fortress Wealth Group LLC lifted its stake in ProShares UltraPro QQQ by 4.0% during the second quarter. Fortress Wealth Group LLC now owns 8,087 shares of the exchange traded fund’s stock valued at $593,000 after buying an additional 312 shares in the last quarter. Finally, Turim 21 Investimentos Ltda. boosted its holdings in shares of ProShares UltraPro QQQ by 98.5% in the second 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 period.

ProShares UltraPro QQQ Stock Performance

TQQQ stock opened at $69.60 on Tuesday. ProShares UltraPro QQQ has a 52-week low of $30.47 and a 52-week high of $85.20. The company’s 50 day simple moving average is $65.97 and its 200-day simple moving average is $65.81.

ProShares UltraPro QQQ Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Wednesday, September 25th were issued a dividend of $0.2302 per share. This is an increase from ProShares UltraPro QQQ’s previous dividend of $0.22. The ex-dividend date was Wednesday, September 25th.

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.