StoneCrest Wealth Management Inc. Has $561,000 Holdings in ProShares UltraPro QQQ (NASDAQ:TQQQ)

StoneCrest Wealth Management Inc. cut its holdings in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) by 7.1% during the 3rd quarter, Holdings Channel reports. The firm owned 7,734 shares of the exchange traded fund’s stock after selling 591 shares during the period. StoneCrest Wealth Management Inc.’s holdings in ProShares UltraPro QQQ were worth $561,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Jane Street Group LLC raised its stake in ProShares UltraPro QQQ by 444.5% in the first quarter. Jane Street Group LLC now owns 10,280,259 shares of the exchange traded fund’s stock valued at $632,853,000 after purchasing an additional 8,392,312 shares in the last quarter. Flow Traders U.S. LLC grew its stake in ProShares UltraPro QQQ by 433.9% during the first quarter. Flow Traders U.S. LLC now owns 1,532,199 shares of the exchange traded fund’s stock worth $94,322,000 after buying an additional 1,245,229 shares in the last quarter. Howard Capital Management Inc. increased its holdings in ProShares UltraPro QQQ by 7.1% in the 2nd quarter. Howard Capital Management Inc. now owns 378,154 shares of the exchange traded fund’s stock valued at $27,929,000 after buying an additional 25,087 shares during the period. Avidian Wealth Solutions LLC raised its position in shares of ProShares UltraPro QQQ by 10.7% in the 1st quarter. Avidian Wealth Solutions LLC now owns 177,959 shares of the exchange traded fund’s stock valued at $10,955,000 after buying an additional 17,245 shares in the last quarter. Finally, PPSC Investment Service Corp acquired a new stake in shares of ProShares UltraPro QQQ during the 2nd quarter worth approximately $12,662,000.

ProShares UltraPro QQQ Price Performance

Shares of NASDAQ:TQQQ opened at $72.62 on Wednesday. ProShares UltraPro QQQ has a 1 year low of $30.47 and a 1 year high of $85.20. The company’s 50 day simple moving average is $66.17 and its 200 day simple moving average is $65.88.

ProShares UltraPro QQQ Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Wednesday, September 25th were paid a $0.2302 dividend. This is a positive change from ProShares UltraPro QQQ’s previous dividend of $0.22. The ex-dividend date was Wednesday, September 25th.

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.