Lauer Wealth LLC Grows Stock Holdings in ProShares UltraPro QQQ (NASDAQ:TQQQ)

Lauer Wealth LLC raised its stake in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) by 6.4% in the 3rd quarter, Holdings Channel reports. The fund owned 4,667 shares of the exchange traded fund’s stock after acquiring an additional 281 shares during the quarter. ProShares UltraPro QQQ accounts for approximately 0.3% of Lauer Wealth LLC’s portfolio, making the stock its 28th biggest position. Lauer Wealth LLC’s holdings in ProShares UltraPro QQQ were worth $335,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Ridgepath Capital Management LLC increased its holdings in shares of ProShares UltraPro QQQ by 47.1% in the third quarter. Ridgepath Capital Management LLC now owns 135,048 shares of the exchange traded fund’s stock valued at $9,790,000 after purchasing an additional 43,225 shares during the period. J.W. Cole Advisors Inc. purchased a new position in ProShares UltraPro QQQ in the 3rd quarter valued at $275,000. International Assets Investment Management LLC increased its stake in 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 buying an additional 285,155 shares during the period. Signaturefd LLC raised its position in ProShares UltraPro QQQ by 153.8% during the 3rd quarter. Signaturefd LLC now owns 1,081 shares of the exchange traded fund’s stock worth $78,000 after buying an additional 655 shares during the last quarter. Finally, Foundations Investment Advisors LLC raised its position in ProShares UltraPro QQQ by 36.2% during the 3rd quarter. Foundations Investment Advisors LLC now owns 13,692 shares of the exchange traded fund’s stock worth $993,000 after buying an additional 3,642 shares during the last quarter.

ProShares UltraPro QQQ Stock Up 1.1 %

Shares of NASDAQ:TQQQ traded up $0.79 during midday trading on Monday, hitting $75.53. The stock had a trading volume of 17,374,331 shares, compared to its average volume of 61,009,973. ProShares UltraPro QQQ has a 1 year low of $31.58 and a 1 year high of $85.20. The stock has a 50 day moving average price of $69.59 and a two-hundred day moving average price of $67.11.

ProShares UltraPro QQQ Increases Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Wednesday, September 25th were issued a $0.2302 dividend. The ex-dividend date of this dividend was Wednesday, September 25th. This is a positive change from ProShares UltraPro QQQ’s previous dividend of $0.22.

About ProShares UltraPro QQQ

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.