EverSource Wealth Advisors LLC Acquires 14,786 Shares of ProShares UltraPro QQQ (NASDAQ:TQQQ)

EverSource Wealth Advisors LLC raised its holdings in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 10,714.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,924 shares of the exchange traded fund's stock after acquiring an additional 14,786 shares during the quarter. EverSource Wealth Advisors LLC's holdings in ProShares UltraPro QQQ were worth $1,181,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. RPg Family Wealth Advisory LLC acquired a new stake in shares of ProShares UltraPro QQQ in the third quarter valued at about $32,000. PayPay Securities Corp grew its stake in ProShares UltraPro QQQ by 119.3% in the fourth quarter. PayPay Securities Corp now owns 500 shares of the exchange traded fund's stock valued at $40,000 after purchasing an additional 272 shares in the last quarter. Beacon Capital Management LLC acquired a new position in shares of ProShares UltraPro QQQ during the 4th quarter worth approximately $109,000. James J. Burns & Company LLC bought a new stake in shares of ProShares UltraPro QQQ during the 4th quarter worth approximately $206,000. Finally, Carnegie Investment Counsel acquired a new stake in shares of ProShares UltraPro QQQ in the 4th quarter valued at approximately $214,000.

ProShares UltraPro QQQ Stock Up 1.9 %

Shares of NASDAQ:TQQQ traded up $1.20 during midday trading on Monday, hitting $63.09. The stock had a trading volume of 89,469,000 shares, compared to its average volume of 67,922,172. The company has a market cap of $19.37 billion, a P/E ratio of 30.83 and a beta of 3.45. ProShares UltraPro QQQ has a 12 month low of $48.80 and a 12 month high of $93.79. The business's 50-day simple moving average is $79.27 and its 200-day simple moving average is $77.12.

ProShares UltraPro QQQ Increases Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were given a $0.2754 dividend. The ex-dividend date was Monday, December 23rd. This is an increase from ProShares UltraPro QQQ's previous dividend of $0.23.

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.