ProShares UltraPro QQQ (NASDAQ:TQQQ) Shares Sold by Cresset Asset Management LLC

Cresset Asset Management LLC cut its position in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 40.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,966 shares of the exchange traded fund's stock after selling 4,754 shares during the quarter. Cresset Asset Management LLC's holdings in ProShares UltraPro QQQ were worth $551,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in shares of ProShares UltraPro QQQ by 55.3% in the third quarter. JPMorgan Chase & Co. now owns 16,951 shares of the exchange traded fund's stock worth $1,229,000 after buying an additional 6,039 shares during the last quarter. Brookstone Capital Management raised its stake in shares of ProShares UltraPro QQQ by 86.1% in the 4th quarter. Brookstone Capital Management now owns 11,258 shares of the exchange traded fund's stock valued at $891,000 after purchasing an additional 5,209 shares in the last quarter. BCS Wealth Management bought a new position in shares of ProShares UltraPro QQQ during the fourth quarter worth about $236,000. Carnegie Investment Counsel bought a new position in shares of ProShares UltraPro QQQ during the fourth quarter worth about $214,000. Finally, Greenhouse Wealth Management LLC acquired a new position in ProShares UltraPro QQQ in the fourth quarter worth about $1,221,000.

ProShares UltraPro QQQ Trading Up 1.2%

NASDAQ TQQQ traded up $0.87 on Friday, hitting $71.45. 61,805,693 shares of the stock traded hands, compared to its average volume of 66,460,392. The stock has a 50-day moving average of $55.74 and a 200 day moving average of $72.27. ProShares UltraPro QQQ has a twelve month low of $35.00 and a twelve month high of $93.79. The company has a market capitalization of $26.06 billion, a P/E ratio of 32.04 and a beta of 3.53.

ProShares UltraPro QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Wednesday, March 26th were given a dividend of $0.1977 per share. This represents a $0.79 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date was Wednesday, March 26th.

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.