Sovereign Financial Group Inc. Takes Position in ProShares UltraPro QQQ (NASDAQ:TQQQ)

Sovereign Financial Group Inc. purchased a new stake in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 12,505 shares of the exchange traded fund’s stock, valued at approximately $906,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Jane Street Group LLC lifted its position in shares of 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 lifted its holdings in shares of ProShares UltraPro QQQ by 433.9% in the first quarter. Flow Traders U.S. LLC now owns 1,532,199 shares of the exchange traded fund’s stock worth $94,322,000 after buying an additional 1,245,229 shares in the last quarter. Howard Capital Management Inc. increased its holdings in ProShares UltraPro QQQ by 7.1% during the 2nd quarter. Howard Capital Management Inc. now owns 378,154 shares of the exchange traded fund’s stock worth $27,929,000 after acquiring an additional 25,087 shares during the period. 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 worth $10,955,000 after purchasing an additional 17,245 shares in the last quarter. Finally, PPSC Investment Service Corp bought a new position in ProShares UltraPro QQQ in the 2nd quarter valued at $12,662,000.

ProShares UltraPro QQQ Stock Up 4.3 %

ProShares UltraPro QQQ stock opened at $72.62 on Wednesday. ProShares UltraPro QQQ has a fifty-two week low of $30.47 and a fifty-two week high of $85.20. The firm’s fifty day moving average price is $66.17 and its 200-day moving average price is $65.88.

ProShares UltraPro QQQ Increases Dividend

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