Cassaday & Co Wealth Management LLC Lowers Holdings in ProShares UltraPro QQQ (NASDAQ:TQQQ)

Cassaday & Co Wealth Management LLC cut its holdings in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 7.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,349 shares of the exchange traded fund’s stock after selling 2,576 shares during the period. Cassaday & Co Wealth Management LLC’s holdings in ProShares UltraPro QQQ were worth $2,718,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Oriental Harbor Investment Fund purchased a new stake in shares of ProShares UltraPro QQQ during the 3rd quarter worth approximately $82,199,000. Paragon Advisors LLC raised its holdings in ProShares UltraPro QQQ by 22.9% during the 3rd quarter. Paragon Advisors LLC now owns 741,671 shares of the exchange traded fund’s stock valued at $53,764,000 after buying an additional 138,343 shares during the period. IMC Chicago LLC boosted its stake in ProShares UltraPro QQQ by 1,145.4% during the third quarter. IMC Chicago LLC now owns 560,847 shares of the exchange traded fund’s stock worth $40,656,000 after buying an additional 515,815 shares during the period. PPSC Investment Service Corp increased its position in ProShares UltraPro QQQ by 17.5% during the fourth quarter. PPSC Investment Service Corp now owns 446,415 shares of the exchange traded fund’s stock valued at $35,325,000 after acquiring an additional 66,582 shares during the last quarter. Finally, BNP Paribas Financial Markets purchased a new stake in shares of ProShares UltraPro QQQ in the third quarter valued at $21,747,000.

ProShares UltraPro QQQ Stock Down 1.2 %

TQQQ stock opened at $89.30 on Friday. ProShares UltraPro QQQ has a 12 month low of $48.80 and a 12 month high of $93.79. The company has a 50-day moving average price of $84.16 and a 200 day moving average price of $76.38.

ProShares UltraPro QQQ Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were paid 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 of this dividend 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.