Goldstone Financial Group LLC Acquires New Holdings in ProShares UltraPro QQQ (NASDAQ:TQQQ)

Goldstone Financial Group LLC bought a new position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) during the fourth quarter, Holdings Channel reports. The fund bought 3,134 shares of the exchange traded fund’s stock, valued at approximately $248,000.

A number of other institutional investors have also recently added to or reduced their stakes in TQQQ. Ironwood Wealth Management LLC. acquired a new position in shares of ProShares UltraPro QQQ during the second quarter worth $236,000. Axxcess Wealth Management LLC raised its position in ProShares UltraPro QQQ by 31.8% during the 2nd quarter. Axxcess Wealth Management LLC now owns 10,219 shares of the exchange traded fund’s stock worth $754,000 after purchasing an additional 2,463 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its position in ProShares UltraPro QQQ by 40.3% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 11,723 shares of the exchange traded fund’s stock worth $865,000 after purchasing an additional 3,368 shares during the last quarter. AE Wealth Management LLC lifted its holdings in ProShares UltraPro QQQ by 289.9% during the 2nd quarter. AE Wealth Management LLC now owns 16,019 shares of the exchange traded fund’s stock worth $1,183,000 after buying an additional 11,911 shares during the period. Finally, Itau Unibanco Holding S.A. bought a new stake in shares of ProShares UltraPro QQQ in the 2nd quarter valued at about $731,000.

ProShares UltraPro QQQ Stock Performance

Shares of TQQQ opened at $83.14 on Friday. The business has a 50-day moving average of $82.19 and a 200-day moving average of $74.40. ProShares UltraPro QQQ has a 1 year low of $48.80 and a 1 year high of $93.79.

ProShares UltraPro QQQ Increases Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were issued a dividend of $0.2754 per share. This is a positive change from ProShares UltraPro QQQ’s previous dividend of $0.23. The ex-dividend date was Monday, December 23rd.

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.