Triton Wealth Management PLLC Decreases Stock Holdings in ProShares UltraPro QQQ (NASDAQ:TQQQ)

Triton Wealth Management PLLC reduced its position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) by 1.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,319 shares of the exchange traded fund’s stock after selling 310 shares during the period. ProShares UltraPro QQQ accounts for approximately 0.8% of Triton Wealth Management PLLC’s portfolio, making the stock its 19th largest position. Triton Wealth Management PLLC’s holdings in ProShares UltraPro QQQ were worth $1,479,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Jane Street Group LLC boosted its holdings in ProShares UltraPro QQQ by 444.5% in the first quarter. Jane Street Group LLC now owns 10,280,259 shares of the exchange traded fund’s stock valued at $632,853,000 after acquiring an additional 8,392,312 shares in the last quarter. Flow Traders U.S. LLC increased its position in shares of ProShares UltraPro QQQ by 433.9% during the first quarter. Flow Traders U.S. LLC now owns 1,532,199 shares of the exchange traded fund’s stock valued at $94,322,000 after buying an additional 1,245,229 shares during the period. PPSC Investment Service Corp bought a new position in ProShares UltraPro QQQ in the second quarter worth about $12,662,000. DRW Securities LLC bought a new position in ProShares UltraPro QQQ in the fourth quarter worth about $5,283,000. Finally, TB Alternative Assets Ltd. bought a new stake in ProShares UltraPro QQQ during the 1st quarter valued at approximately $4,352,000.

ProShares UltraPro QQQ Trading Up 3.5 %

Shares of NASDAQ TQQQ traded up $2.45 during mid-day trading on Friday, hitting $71.97. 55,465,010 shares of the stock traded hands, compared to its average volume of 62,719,988. The stock has a fifty day moving average price of $65.89 and a 200-day moving average price of $65.69. ProShares UltraPro QQQ has a 52 week low of $30.47 and a 52 week high of $85.20.

ProShares UltraPro QQQ Increases Dividend

The firm also recently announced 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 a positive change from ProShares UltraPro QQQ’s previous dividend of $0.22. The ex-dividend date was Wednesday, September 25th.

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.