Retirement Planning Co of New England Inc. Sells 195 Shares of ProShares UltraPro QQQ (NASDAQ:TQQQ)

Retirement Planning Co of New England Inc. decreased its position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) by 0.6% during the fourth quarter, HoldingsChannel reports. The fund owned 30,647 shares of the exchange traded fund’s stock after selling 195 shares during the quarter. ProShares UltraPro QQQ accounts for approximately 1.2% of Retirement Planning Co of New England Inc.’s investment portfolio, making the stock its 19th largest holding. Retirement Planning Co of New England Inc.’s holdings in ProShares UltraPro QQQ were worth $2,425,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. SVB Wealth LLC bought a new stake in shares of ProShares UltraPro QQQ during the 4th quarter worth approximately $791,000. Chung Wu Investment Group LLC bought a new stake in shares of ProShares UltraPro QQQ during the fourth quarter worth $983,000. Drive Wealth Management LLC bought a new stake in shares of ProShares UltraPro QQQ during the fourth quarter worth $1,108,000. Oriental Harbor Investment Fund purchased a new stake in shares of ProShares UltraPro QQQ during the third quarter valued at $82,199,000. Finally, HighTower Advisors LLC grew its holdings in shares of ProShares UltraPro QQQ by 121.2% in the third quarter. HighTower Advisors LLC now owns 12,389 shares of the exchange traded fund’s stock worth $896,000 after purchasing an additional 6,788 shares during the last quarter.

ProShares UltraPro QQQ Price Performance

Shares of TQQQ opened at $63.09 on Tuesday. The firm has a market capitalization of $19.37 billion, a price-to-earnings ratio of 30.83 and a beta of 3.45. ProShares UltraPro QQQ has a 1-year low of $48.80 and a 1-year high of $93.79. The company has a 50-day moving average of $78.83 and a 200 day moving average of $77.09.

ProShares UltraPro QQQ Increases Dividend

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