ProShares UltraPro QQQ (NASDAQ:TQQQ) is Ridgepath Capital Management LLC’s 4th Largest Position

Ridgepath Capital Management LLC grew its stake in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 21.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 163,389 shares of the exchange traded fund’s stock after purchasing an additional 28,341 shares during the quarter. ProShares UltraPro QQQ makes up 6.0% of Ridgepath Capital Management LLC’s holdings, making the stock its 4th biggest position. Ridgepath Capital Management LLC’s holdings in ProShares UltraPro QQQ were worth $12,929,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Oriental Harbor Investment Fund acquired a new stake in ProShares UltraPro QQQ in the 3rd quarter worth about $82,199,000. Paragon Advisors LLC lifted its position in shares of ProShares UltraPro QQQ by 22.9% in the third quarter. Paragon Advisors LLC now owns 741,671 shares of the exchange traded fund’s stock valued at $53,764,000 after acquiring an additional 138,343 shares in the last quarter. IMC Chicago LLC boosted its stake 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 acquiring an additional 515,815 shares during the last quarter. BNP Paribas Financial Markets purchased a new stake in shares of ProShares UltraPro QQQ during the third quarter worth approximately $21,747,000. Finally, International Assets Investment Management LLC lifted its holdings in ProShares UltraPro QQQ by 14,257.8% in the 3rd quarter. International Assets Investment Management LLC now owns 287,155 shares of the exchange traded fund’s stock valued at $20,816,000 after purchasing an additional 285,155 shares in the last quarter.

ProShares UltraPro QQQ Stock Performance

TQQQ opened at $83.17 on Friday. The firm’s 50-day moving average price is $83.16 and its 200 day moving average price is $74.61. ProShares UltraPro QQQ has a twelve month low of $48.80 and a twelve month high of $93.79.

ProShares UltraPro QQQ Increases Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid a $0.2754 dividend. The ex-dividend date of this dividend was Monday, December 23rd. This is an increase from ProShares UltraPro QQQ’s previous dividend of $0.23.

ProShares UltraPro QQQ Company 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.