Summit Trail Advisors LLC Takes Position in ProShares UltraPro QQQ (NASDAQ:TQQQ)

Summit Trail Advisors LLC bought a new position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 9,200 shares of the exchange traded fund’s stock, valued at approximately $728,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TQQQ. Vontobel Holding Ltd. boosted its stake in ProShares UltraPro QQQ by 176.8% in the 3rd quarter. Vontobel Holding Ltd. now owns 27,366 shares of the exchange traded fund’s stock worth $1,984,000 after buying an additional 17,478 shares during the last quarter. Transform Wealth LLC lifted its holdings in shares of ProShares UltraPro QQQ by 9.6% during the 3rd quarter. Transform Wealth LLC now owns 4,295 shares of the exchange traded fund’s stock worth $312,000 after acquiring an additional 377 shares during the period. Physician Wealth Advisors Inc. boosted its position in shares of ProShares UltraPro QQQ by 1.9% in the third quarter. Physician Wealth Advisors Inc. now owns 7,723 shares of the exchange traded fund’s stock worth $565,000 after acquiring an additional 143 shares during the last quarter. Capital Investment Advisors LLC grew its holdings in ProShares UltraPro QQQ by 0.4% in the third quarter. Capital Investment Advisors LLC now owns 44,082 shares of the exchange traded fund’s stock valued at $3,196,000 after purchasing an additional 178 shares during the period. Finally, Wealth Alliance Advisory Group LLC increased its position in ProShares UltraPro QQQ by 68.0% during the third quarter. Wealth Alliance Advisory Group LLC now owns 9,002 shares of the exchange traded fund’s stock worth $653,000 after purchasing an additional 3,643 shares during the last quarter.

ProShares UltraPro QQQ Stock Down 0.7 %

NASDAQ:TQQQ opened at $85.03 on Wednesday. The firm’s 50 day moving average is $83.82 and its two-hundred day moving average is $75.30. ProShares UltraPro QQQ has a fifty-two week low of $48.80 and a fifty-two week high of $93.79.

ProShares UltraPro QQQ Increases Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were given a $0.2754 dividend. 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 Company 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.