Howard Capital Management Inc. purchased a new stake in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 345,380 shares of the exchange traded fund's stock, valued at approximately $17,511,000. ProShares UltraPro QQQ accounts for about 2.2% of Howard Capital Management Inc.'s investment portfolio, making the stock its 6th largest holding. Howard Capital Management Inc. owned approximately 0.09% of ProShares UltraPro QQQ at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Osaic Holdings Inc. increased its holdings in ProShares UltraPro QQQ by 155,339.5% during the 2nd quarter. Osaic Holdings Inc. now owns 1,977,190 shares of the exchange traded fund's stock worth $108,000 after acquiring an additional 1,975,918 shares during the period. Paragon Advisors LLC grew its stake in ProShares UltraPro QQQ by 1.4% in the 3rd quarter. Paragon Advisors LLC now owns 1,429,621 shares of the exchange traded fund's stock worth $50,923,000 after buying an additional 19,548 shares in the last quarter. Jane Street Group LLC grew its stake in ProShares UltraPro QQQ by 406.8% in the 4th quarter. Jane Street Group LLC now owns 1,349,230 shares of the exchange traded fund's stock worth $23,342,000 after buying an additional 1,082,994 shares in the last quarter. Jump Financial LLC grew its stake in ProShares UltraPro QQQ by 285.6% in the 3rd quarter. Jump Financial LLC now owns 963,221 shares of the exchange traded fund's stock worth $34,310,000 after buying an additional 713,425 shares in the last quarter. Finally, Prosperity Wealth Management Inc. grew its stake in ProShares UltraPro QQQ by 2.3% in the 3rd quarter. Prosperity Wealth Management Inc. now owns 934,131 shares of the exchange traded fund's stock worth $33,274,000 after buying an additional 21,389 shares in the last quarter.
ProShares UltraPro QQQ Price Performance
TQQQ stock traded down $2.98 during midday trading on Friday, reaching $58.72. The company had a trading volume of 86,294,903 shares, compared to its average volume of 72,677,086. ProShares UltraPro QQQ has a 1 year low of $25.17 and a 1 year high of $64.13. The firm has a 50-day moving average price of $59.82 and a 200-day moving average price of $49.77.
ProShares UltraPro QQQ Announces Dividend
The firm also recently disclosed a dividend, which was paid on Wednesday, March 27th. Stockholders of record on Thursday, March 21st were paid a $0.2151 dividend. The ex-dividend date of this dividend was Wednesday, March 20th.
ProShares UltraPro QQQ Profile
(
Free Report)
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.
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