FWG Holdings LLC Buys 3,650 Shares of ProShares UltraPro QQQ (NASDAQ:TQQQ)

FWG Holdings LLC boosted its position in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 45.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,737 shares of the exchange traded fund’s stock after acquiring an additional 3,650 shares during the quarter. FWG Holdings LLC’s holdings in ProShares UltraPro QQQ were worth $947,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Sowell Financial Services LLC bought a new position in ProShares UltraPro QQQ during the fourth quarter valued at approximately $1,475,000. Edgestream Partners L.P. raised its position in ProShares UltraPro QQQ by 194.6% in the 4th quarter. Edgestream Partners L.P. now owns 26,134 shares of the exchange traded fund’s stock worth $2,068,000 after purchasing an additional 17,263 shares during the period. Chung Wu Investment Group LLC purchased a new position in ProShares UltraPro QQQ in the 4th quarter worth $983,000. Raymond James Financial Inc. bought a new stake in ProShares UltraPro QQQ in the fourth quarter worth $364,000. Finally, WMG Financial Advisors LLC boosted its position in ProShares UltraPro QQQ by 18.9% during the fourth quarter. WMG Financial Advisors LLC now owns 4,856 shares of the exchange traded fund’s stock valued at $384,000 after buying an additional 772 shares during the period.

ProShares UltraPro QQQ Trading Up 2.1 %

Shares of NASDAQ:TQQQ opened at $67.41 on Monday. ProShares UltraPro QQQ has a 12-month low of $48.80 and a 12-month high of $93.79. The stock’s 50-day moving average price is $81.28 and its 200-day moving average price is $77.42. The stock has a market capitalization of $20.70 billion, a P/E ratio of 30.83 and a beta of 3.45.

ProShares UltraPro QQQ Increases Dividend

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

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.