3,087 Shares in ProShares UltraPro QQQ (NASDAQ:TQQQ) Acquired by HBW Advisory Services LLC

HBW Advisory Services LLC purchased a new stake in ProShares UltraPro QQQ (NASDAQ:TQQQ) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 3,087 shares of the exchange traded fund’s stock, valued at approximately $244,000.

Several other institutional investors have also modified their holdings of the business. Ironwood Wealth Management LLC. purchased a new position in ProShares UltraPro QQQ in the second quarter valued at $236,000. Parallel Advisors LLC raised its position in ProShares UltraPro QQQ by 24.2% in the 2nd quarter. Parallel Advisors LLC now owns 4,758 shares of the exchange traded fund’s stock valued at $351,000 after purchasing an additional 928 shares in the last quarter. Thoroughbred Financial Services LLC purchased a new position in shares of ProShares UltraPro QQQ in the 2nd quarter valued at about $576,000. Retirement Planning Co of New England Inc. grew its position in shares of ProShares UltraPro QQQ by 14.8% during the second quarter. Retirement Planning Co of New England Inc. now owns 30,220 shares of the exchange traded fund’s stock worth $2,231,000 after buying an additional 3,900 shares in the last quarter. Finally, Rathbones Group PLC increased its stake in shares of ProShares UltraPro QQQ by 272.0% during the second quarter. Rathbones Group PLC now owns 18,600 shares of the exchange traded fund’s stock worth $1,373,000 after buying an additional 13,600 shares during the period.

ProShares UltraPro QQQ Trading Down 4.8 %

Shares of ProShares UltraPro QQQ stock opened at $76.83 on Friday. ProShares UltraPro QQQ has a 52-week low of $47.87 and a 52-week high of $93.79. The company has a 50 day moving average of $82.03 and a 200 day moving average of $74.24.

ProShares UltraPro QQQ Increases Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were paid a dividend of $0.2754 per share. The ex-dividend date was Monday, December 23rd. This is an increase from ProShares UltraPro QQQ’s previous dividend of $0.23.

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.