Avidian Wealth Solutions LLC reduced its position in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 61.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 160,714 shares of the exchange traded fund's stock after selling 255,560 shares during the quarter. Avidian Wealth Solutions LLC's holdings in ProShares UltraPro QQQ were worth $8,148,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Sandy Spring Bank grew its holdings in 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 buying an additional 512 shares in the last quarter. Signature Resources Capital Management LLC purchased a new stake in ProShares UltraPro QQQ in the 4th quarter valued at $29,000. Hazlett Burt & Watson Inc. purchased a new stake in ProShares UltraPro QQQ in the 4th quarter valued at $51,000. BluePath Capital Management LLC purchased a new stake in ProShares UltraPro QQQ in the 3rd quarter valued at $47,000. Finally, Turtle Creek Wealth Advisors LLC purchased a new stake in ProShares UltraPro QQQ in the 4th quarter valued at $116,000.
ProShares UltraPro QQQ Stock Up 6.0 %
NASDAQ:TQQQ traded up $3.19 during trading hours on Friday, hitting $56.70. The company had a trading volume of 75,439,019 shares, compared to its average volume of 74,077,109. The company has a 50-day moving average of $58.49 and a 200 day moving average of $51.31. ProShares UltraPro QQQ has a 1 year low of $26.28 and a 1 year high of $64.13.
ProShares UltraPro QQQ Announces Dividend
The firm also recently disclosed a dividend, which was paid on Wednesday, March 27th. Investors of record on Thursday, March 21st were given a dividend of $0.2151 per share. The ex-dividend date of this dividend was Wednesday, March 20th.
ProShares UltraPro QQQ Company Profile
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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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