StoneCrest Wealth Management Inc. Sells 591 Shares of ProShares UltraPro QQQ (NASDAQ:TQQQ)

StoneCrest Wealth Management Inc. reduced its position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) by 7.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,734 shares of the exchange traded fund’s stock after selling 591 shares during the period. StoneCrest Wealth Management Inc.’s holdings in ProShares UltraPro QQQ were worth $561,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sovereign Financial Group Inc. bought a new position in ProShares UltraPro QQQ in the third quarter valued at approximately $906,000. Turim 21 Investimentos Ltda. grew its position in shares of ProShares UltraPro QQQ by 98.5% in the 2nd quarter. Turim 21 Investimentos Ltda. now owns 665 shares of the exchange traded fund’s stock valued at $49,000 after acquiring an additional 330 shares during the period. DRW Securities LLC increased its stake in shares of ProShares UltraPro QQQ by 1,607.2% during the 2nd quarter. DRW Securities LLC now owns 61,580 shares of the exchange traded fund’s stock worth $4,577,000 after purchasing an additional 57,973 shares during the last quarter. Itau Unibanco Holding S.A. bought a new stake in shares of ProShares UltraPro QQQ in the 2nd quarter valued at about $731,000. Finally, AE Wealth Management LLC lifted its stake in ProShares UltraPro QQQ by 289.9% in the 2nd quarter. AE Wealth Management LLC now owns 16,019 shares of the exchange traded fund’s stock valued at $1,183,000 after purchasing an additional 11,911 shares during the last quarter.

ProShares UltraPro QQQ Price Performance

Shares of NASDAQ TQQQ opened at $72.62 on Wednesday. The business’s 50 day moving average price is $66.17 and its two-hundred day moving average price is $65.88. 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 business also recently disclosed a dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Wednesday, September 25th were given a $0.2302 dividend. The ex-dividend date was Wednesday, September 25th. This is a positive change 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.