ProShares UltraPro QQQ (NASDAQ:TQQQ) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC reduced its stake in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 3.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,229 shares of the exchange traded fund’s stock after selling 991 shares during the period. Commonwealth Equity Services LLC’s holdings in ProShares UltraPro QQQ were worth $2,076,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cerity Partners LLC lifted its holdings in shares of ProShares UltraPro QQQ by 30.5% in the third quarter. Cerity Partners LLC now owns 29,339 shares of the exchange traded fund’s stock valued at $2,127,000 after buying an additional 6,857 shares during the period. BNP Paribas Financial Markets bought a new stake in ProShares UltraPro QQQ in the third quarter worth about $21,747,000. CreativeOne Wealth LLC lifted its holdings in ProShares UltraPro QQQ by 51.9% in the 3rd quarter. CreativeOne Wealth LLC now owns 19,853 shares of the exchange traded fund’s stock valued at $1,439,000 after acquiring an additional 6,782 shares during the last quarter. RPg Family Wealth Advisory LLC bought a new position in shares of ProShares UltraPro QQQ during the 3rd quarter valued at about $32,000. Finally, HighTower Advisors LLC grew its stake in shares of ProShares UltraPro QQQ by 121.2% in the 3rd quarter. HighTower Advisors LLC now owns 12,389 shares of the exchange traded fund’s stock worth $896,000 after purchasing an additional 6,788 shares during the last quarter.

ProShares UltraPro QQQ Price Performance

TQQQ stock opened at $62.30 on Friday. The firm has a market cap of $19.13 billion, a PE ratio of 26.02 and a beta of 3.45. ProShares UltraPro QQQ has a 12 month low of $48.80 and a 12 month high of $93.79. The firm has a 50 day simple moving average of $76.31 and a 200 day simple moving average of $76.89.

ProShares UltraPro QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 26th will be paid a dividend of $0.1977 per share. This represents a $0.79 annualized dividend and a dividend yield of 1.27%. The ex-dividend date is Wednesday, March 26th.

ProShares UltraPro QQQ 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.