Sovereign Financial Group Inc. Sells 2,123 Shares of ProShares UltraPro QQQ (NASDAQ:TQQQ)

Sovereign Financial Group Inc. cut its stake in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) by 17.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,382 shares of the exchange traded fund’s stock after selling 2,123 shares during the period. Sovereign Financial Group Inc.’s holdings in ProShares UltraPro QQQ were worth $822,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. RPg Family Wealth Advisory LLC acquired a new position in ProShares UltraPro QQQ in the 3rd quarter worth about $32,000. Turim 21 Investimentos Ltda. grew its holdings in shares of ProShares UltraPro QQQ by 98.5% during the second quarter. Turim 21 Investimentos Ltda. now owns 665 shares of the exchange traded fund’s stock worth $49,000 after purchasing an additional 330 shares during the last quarter. Signaturefd LLC grew its holdings in shares of ProShares UltraPro QQQ by 153.8% during the third quarter. Signaturefd LLC now owns 1,081 shares of the exchange traded fund’s stock worth $78,000 after purchasing an additional 655 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of ProShares UltraPro QQQ by 235.7% in the third quarter. Farther Finance Advisors LLC now owns 1,541 shares of the exchange traded fund’s stock valued at $112,000 after buying an additional 1,082 shares during the period. Finally, Ironwood Wealth Management LLC. bought a new position in ProShares UltraPro QQQ in the 2nd quarter valued at approximately $236,000.

ProShares UltraPro QQQ Price Performance

TQQQ opened at $75.76 on Wednesday. ProShares UltraPro QQQ has a fifty-two week low of $47.87 and a fifty-two week high of $93.79. The company’s 50 day moving average price is $82.15 and its two-hundred day moving average price is $74.25.

ProShares UltraPro QQQ Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued a dividend of $0.2754 per share. The ex-dividend date was Monday, December 23rd. This is a positive change 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.