Koshinski Asset Management Inc. Grows Stake in ProShares UltraPro QQQ (NASDAQ:TQQQ)

Koshinski Asset Management Inc. boosted its holdings in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 125.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,026 shares of the exchange traded fund’s stock after purchasing an additional 8,364 shares during the quarter. Koshinski Asset Management Inc.’s holdings in ProShares UltraPro QQQ were worth $1,189,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in TQQQ. Oriental Harbor Investment Fund bought a new stake in ProShares UltraPro QQQ in the 3rd quarter valued at $82,199,000. Paragon Advisors LLC increased its holdings in shares of ProShares UltraPro QQQ by 22.9% in the third quarter. Paragon Advisors LLC now owns 741,671 shares of the exchange traded fund’s stock worth $53,764,000 after purchasing an additional 138,343 shares during the last quarter. IMC Chicago LLC lifted its position in shares of ProShares UltraPro QQQ by 1,145.4% in 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 in the last quarter. BNP Paribas Financial Markets bought a new position in ProShares UltraPro QQQ during the third quarter valued at approximately $21,747,000. Finally, International Assets Investment Management LLC grew its holdings in ProShares UltraPro QQQ by 14,257.8% during 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 in the last quarter.

ProShares UltraPro QQQ Stock Up 1.7 %

NASDAQ:TQQQ opened at $84.53 on Wednesday. ProShares UltraPro QQQ has a 1 year low of $48.80 and a 1 year high of $93.79. The stock’s 50 day simple moving average is $82.24 and its two-hundred day simple moving average is $74.39.

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 an increase 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.