Sovereign Financial Group Inc. Makes New Investment in ProShares UltraPro QQQ (NASDAQ:TQQQ)

Sovereign Financial Group Inc. purchased a new position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 13,433 shares of the exchange traded fund's stock, valued at approximately $681,000.

Several other large investors also recently bought and sold shares of the business. BluePath Capital Management LLC purchased a new stake in shares of ProShares UltraPro QQQ in the third quarter valued at about $47,000. Castleview Partners LLC increased its holdings in shares of ProShares UltraPro QQQ by 2,121.3% during the 3rd quarter. Castleview Partners LLC now owns 3,021 shares of the exchange traded fund's stock worth $108,000 after buying an additional 2,885 shares during the last quarter. Cedar Wealth Management LLC purchased a new stake in shares of ProShares UltraPro QQQ during the 3rd quarter valued at approximately $438,000. Socha Financial Group LLC acquired a new position in ProShares UltraPro QQQ in the third quarter valued at approximately $704,000. Finally, Millington Financial Advisors LLC grew its position in ProShares UltraPro QQQ by 12.2% in the third quarter. Millington Financial Advisors LLC now owns 17,736 shares of the exchange traded fund's stock worth $632,000 after acquiring an additional 1,922 shares during the period.

ProShares UltraPro QQQ Price Performance

TQQQ stock traded down $0.11 during midday trading on Wednesday, hitting $58.45. 38,568,588 shares of the company's stock were exchanged, compared to its average volume of 73,006,109. ProShares UltraPro QQQ has a 1-year low of $27.81 and a 1-year high of $64.13. The business has a 50-day simple moving average of $58.43 and a two-hundred day simple moving average of $51.89.

ProShares UltraPro QQQ Dividend Announcement

The business 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 was Wednesday, March 20th.

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.