Millington Financial Advisors LLC Cuts Stake in ProShares UltraPro QQQ (NASDAQ:TQQQ)

Millington Financial Advisors LLC cut its holdings in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 14.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,409 shares of the exchange traded fund’s stock after selling 2,598 shares during the quarter. Millington Financial Advisors LLC’s holdings in ProShares UltraPro QQQ were worth $1,244,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hanseatic Management Services Inc. lifted its position in shares of ProShares UltraPro QQQ by 2.9% in the 4th quarter. Hanseatic Management Services Inc. now owns 4,656 shares of the exchange traded fund’s stock worth $368,000 after purchasing an additional 132 shares during the period. Capital Investment Advisory Services LLC raised its stake in ProShares UltraPro QQQ by 2.7% in the fourth quarter. Capital Investment Advisory Services LLC now owns 5,295 shares of the exchange traded fund’s stock worth $419,000 after buying an additional 140 shares in the last quarter. Sheaff Brock Investment Advisors LLC lifted its holdings in ProShares UltraPro QQQ by 0.6% during the third quarter. Sheaff Brock Investment Advisors LLC now owns 26,075 shares of the exchange traded fund’s stock worth $1,890,000 after buying an additional 158 shares during the period. Golden State Equity Partners boosted its position in ProShares UltraPro QQQ by 5.2% during the 3rd quarter. Golden State Equity Partners now owns 4,182 shares of the exchange traded fund’s stock valued at $303,000 after acquiring an additional 205 shares in the last quarter. Finally, Erickson Financial Group LLC increased its holdings in shares of ProShares UltraPro QQQ by 3.0% in the 4th quarter. Erickson Financial Group LLC now owns 8,479 shares of the exchange traded fund’s stock valued at $671,000 after acquiring an additional 250 shares during the period.

ProShares UltraPro QQQ Price Performance

TQQQ opened at $80.70 on Tuesday. ProShares UltraPro QQQ has a 12 month low of $48.80 and a 12 month high of $93.79. The stock has a fifty day moving average price of $83.79 and a 200-day moving average price of $77.06.

ProShares UltraPro QQQ Increases Dividend

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

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.