Merit Financial Group LLC Acquires New Stake in ProShares UltraPro QQQ (NASDAQ:TQQQ)

Merit Financial Group LLC bought a new position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 4,268 shares of the exchange traded fund’s stock, valued at approximately $338,000.

Other institutional investors have also recently made changes to their positions in the company. Oriental Harbor Investment Fund acquired a new position in shares of ProShares UltraPro QQQ in the third quarter worth approximately $82,199,000. IMC Chicago LLC lifted its position in shares of ProShares UltraPro QQQ by 1,145.4% in the 3rd quarter. IMC Chicago LLC now owns 560,847 shares of the exchange traded fund’s stock worth $40,656,000 after purchasing an additional 515,815 shares during the period. BNP Paribas Financial Markets bought a new stake in shares of ProShares UltraPro QQQ in the 3rd quarter valued at $21,747,000. International Assets Investment Management LLC boosted its stake in shares of ProShares UltraPro QQQ by 14,257.8% in the 3rd quarter. International Assets Investment Management LLC now owns 287,155 shares of the exchange traded fund’s stock valued at $20,816,000 after purchasing an additional 285,155 shares during the last quarter. Finally, Tidal Investments LLC acquired a new stake in shares of ProShares UltraPro QQQ during the third quarter worth $11,598,000.

ProShares UltraPro QQQ Stock Performance

TQQQ stock opened at $86.75 on Friday. The company’s fifty day simple moving average is $82.78 and its 200 day simple moving average is $74.61. ProShares UltraPro QQQ has a 12-month low of $48.80 and a 12-month high of $93.79.

ProShares UltraPro QQQ Increases Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were paid a $0.2754 dividend. This is an increase from ProShares UltraPro QQQ’s previous dividend of $0.23. The ex-dividend date of this dividend was Monday, December 23rd.

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.