Socha Financial Group LLC Has $545,000 Holdings in ProShares UltraPro QQQ (NASDAQ:TQQQ)

Socha Financial Group LLC cut its stake in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) by 45.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,753 shares of the exchange traded fund’s stock after selling 8,998 shares during the period. ProShares UltraPro QQQ comprises approximately 0.3% of Socha Financial Group LLC’s investment portfolio, making the stock its 16th biggest position. Socha Financial Group LLC’s holdings in ProShares UltraPro QQQ were worth $545,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Sandy Spring Bank grew its stake in shares of ProShares UltraPro QQQ by 1,113.0% in the fourth quarter. Sandy Spring Bank now owns 558 shares of the exchange traded fund’s stock worth $28,000 after purchasing an additional 512 shares during the last quarter. National Bank of Canada FI boosted its position in ProShares UltraPro QQQ by 9,910.0% during the third quarter. National Bank of Canada FI now owns 1,001 shares of the exchange traded fund’s stock valued at $37,000 after acquiring an additional 991 shares during the last quarter. Impact Partnership Wealth LLC bought a new stake in ProShares UltraPro QQQ during the third quarter valued at $43,000. BluePath Capital Management LLC bought a new stake in ProShares UltraPro QQQ during the third quarter valued at $47,000. Finally, Hazlett Burt & Watson Inc. bought a new stake in ProShares UltraPro QQQ during the fourth quarter valued at $51,000.

ProShares UltraPro QQQ Stock Performance

TQQQ traded up $2.27 during trading on Tuesday, reaching $53.19. 75,363,975 shares of the stock traded hands, compared to its average volume of 74,197,438. The stock’s 50-day moving average is $59.19 and its 200 day moving average is $50.50. ProShares UltraPro QQQ has a 12 month low of $25.17 and a 12 month high of $64.13.

ProShares UltraPro QQQ Announces Dividend

The company also recently declared a dividend, which was paid on Wednesday, March 27th. Shareholders 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

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.