Strategic Wealth Investment Group LLC Acquires New Shares in ProShares UltraPro QQQ (NASDAQ:TQQQ)

Strategic Wealth Investment Group LLC bought a new stake in ProShares UltraPro QQQ (NASDAQ:TQQQ) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,037 shares of the exchange traded fund’s stock, valued at approximately $399,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Oriental Harbor Investment Fund acquired a new stake in shares of ProShares UltraPro QQQ in the 3rd quarter valued at approximately $82,199,000. Paragon Advisors LLC increased its stake in ProShares UltraPro QQQ by 22.9% in the third quarter. Paragon Advisors LLC now owns 741,671 shares of the exchange traded fund’s stock valued at $53,764,000 after purchasing an additional 138,343 shares in the last quarter. IMC Chicago LLC raised its holdings in ProShares UltraPro QQQ by 1,145.4% in the third quarter. IMC Chicago LLC now owns 560,847 shares of the exchange traded fund’s stock worth $40,656,000 after purchasing an additional 515,815 shares during the period. BNP Paribas Financial Markets bought a new position in shares of ProShares UltraPro QQQ during the third quarter worth $21,747,000. Finally, International Assets Investment Management LLC grew its holdings in shares of ProShares UltraPro QQQ by 14,257.8% in the 3rd quarter. International Assets Investment Management LLC now owns 287,155 shares of the exchange traded fund’s stock valued at $20,816,000 after buying an additional 285,155 shares during the period.

ProShares UltraPro QQQ Stock Performance

TQQQ opened at $83.17 on Friday. The company has a fifty day simple moving average of $83.16 and a 200 day simple moving average of $74.61. ProShares UltraPro QQQ has a 12 month low of $48.80 and a 12 month high of $93.79.

ProShares UltraPro QQQ Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were issued a $0.2754 dividend. This is an increase from ProShares UltraPro QQQ’s previous dividend of $0.23. The ex-dividend date of this dividend was Monday, December 23rd.

About ProShares UltraPro QQQ

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.