Cerity Partners LLC Invests $834,000 in ProShares UltraPro QQQ (NASDAQ:TQQQ)

Cerity Partners LLC acquired a new position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 16,450 shares of the exchange traded fund's stock, valued at approximately $834,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Sandy Spring Bank boosted its stake in shares of ProShares UltraPro QQQ by 1,113.0% in the 4th quarter. Sandy Spring Bank now owns 558 shares of the exchange traded fund's stock valued at $28,000 after purchasing an additional 512 shares during the last quarter. Toth Financial Advisory Corp boosted its stake in shares of ProShares UltraPro QQQ by 1.8% in the 4th quarter. Toth Financial Advisory Corp now owns 114,146 shares of the exchange traded fund's stock valued at $5,787,000 after purchasing an additional 2,059 shares during the last quarter. Turtle Creek Wealth Advisors LLC bought a new position in shares of ProShares UltraPro QQQ in the 4th quarter valued at about $116,000. International Assets Investment Management LLC bought a new position in shares of ProShares UltraPro QQQ in the 4th quarter valued at about $5,141,000. Finally, Bleakley Financial Group LLC acquired a new stake in shares of ProShares UltraPro QQQ in the 4th quarter valued at approximately $3,017,000.

ProShares UltraPro QQQ Stock Performance

Shares of NASDAQ:TQQQ traded up $2.27 during mid-day trading on Tuesday, reaching $53.19. The stock had a trading volume of 75,363,975 shares, compared to its average volume of 74,197,438. The firm has a 50 day simple moving average of $59.12 and a two-hundred day simple moving average of $50.62. ProShares UltraPro QQQ has a twelve month low of $25.17 and a twelve month high of $64.13.

ProShares UltraPro QQQ Dividend Announcement

The company also recently declared a dividend, which was paid on Wednesday, March 27th. Investors of record on Thursday, March 21st were given a $0.2151 dividend. The ex-dividend date was Wednesday, March 20th.

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.