Prosperity Wealth Management Inc. Decreases Stock Position in ProShares UltraPro QQQ (NASDAQ:TQQQ)

Prosperity Wealth Management Inc. lessened its stake in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 56.3% in the fourth quarter, Holdings Channel reports. The fund owned 2,743 shares of the exchange traded fund’s stock after selling 3,538 shares during the quarter. Prosperity Wealth Management Inc.’s holdings in ProShares UltraPro QQQ were worth $217,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TQQQ. Oriental Harbor Investment Fund purchased a new position in ProShares UltraPro QQQ in the 3rd quarter worth approximately $82,199,000. BNP Paribas Financial Markets purchased a new position in shares of ProShares UltraPro QQQ during the 3rd quarter valued at approximately $21,747,000. Tidal Investments LLC purchased a new position in shares of ProShares UltraPro QQQ during the 3rd quarter valued at approximately $11,598,000. Paragon Advisors LLC boosted its stake in shares of ProShares UltraPro QQQ by 22.9% during the 3rd quarter. Paragon Advisors LLC now owns 741,671 shares of the exchange traded fund’s stock valued at $53,764,000 after buying an additional 138,343 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in shares of ProShares UltraPro QQQ during the 4th quarter valued at approximately $9,970,000.

ProShares UltraPro QQQ Trading Up 3.4 %

ProShares UltraPro QQQ stock opened at $61.13 on Thursday. The stock has a market cap of $18.77 billion, a P/E ratio of 30.83 and a beta of 3.45. The stock has a 50 day moving average of $80.09 and a 200-day moving average of $77.17. ProShares UltraPro QQQ has a 52 week low of $48.80 and a 52 week high of $93.79.

ProShares UltraPro QQQ Increases Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were paid 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 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.