Traynor Capital Management Inc. Sells 237 Shares of ProShares UltraPro QQQ (NASDAQ:TQQQ)

Traynor Capital Management Inc. lowered its stake in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) by 5.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,179 shares of the exchange traded fund’s stock after selling 237 shares during the period. Traynor Capital Management Inc.’s holdings in ProShares UltraPro QQQ were worth $331,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Oriental Harbor Investment Fund purchased a new stake in ProShares UltraPro QQQ during the 3rd quarter worth about $82,199,000. IMC Chicago LLC lifted its holdings 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 shares of ProShares UltraPro QQQ in the third quarter valued at approximately $21,747,000. International Assets Investment Management LLC grew its stake in ProShares UltraPro QQQ by 14,257.8% during the third quarter. International Assets Investment Management LLC now owns 287,155 shares of the exchange traded fund’s stock valued at $20,816,000 after acquiring an additional 285,155 shares in the last quarter. Finally, Tidal Investments LLC bought a new stake in ProShares UltraPro QQQ during the 3rd quarter worth approximately $11,598,000.

ProShares UltraPro QQQ Stock Performance

TQQQ opened at $88.34 on Friday. ProShares UltraPro QQQ has a one year low of $48.80 and a one year high of $93.79. The company has a fifty day moving average price of $82.53 and a 200-day moving average price of $74.58.

ProShares UltraPro QQQ Increases Dividend

The firm also recently announced 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 boost 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.