Hollencrest Capital Management Decreases Stake in ProShares UltraPro QQQ (NASDAQ:TQQQ)

Hollencrest Capital Management reduced its stake in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 51.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,250 shares of the exchange traded fund’s stock after selling 3,446 shares during the period. Hollencrest Capital Management’s holdings in ProShares UltraPro QQQ were worth $257,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of TQQQ. Axxcess Wealth Management LLC increased its stake in ProShares UltraPro QQQ by 28.4% in the 3rd quarter. Axxcess Wealth Management LLC now owns 13,124 shares of the exchange traded fund’s stock worth $951,000 after purchasing an additional 2,905 shares during the period. Main Street Financial Solutions LLC grew its position in shares of ProShares UltraPro QQQ by 13.4% in the 3rd quarter. Main Street Financial Solutions LLC now owns 10,465 shares of the exchange traded fund’s stock worth $759,000 after buying an additional 1,240 shares during the last quarter. Sheaff Brock Investment Advisors LLC grew its position in shares of ProShares UltraPro QQQ by 0.6% in the 3rd quarter. Sheaff Brock Investment Advisors LLC now owns 26,075 shares of the exchange traded fund’s stock worth $1,890,000 after buying an additional 158 shares during the last quarter. Paragon Advisors LLC grew its position in shares of ProShares UltraPro QQQ by 22.9% in the 3rd quarter. Paragon Advisors LLC now owns 741,671 shares of the exchange traded fund’s stock worth $53,764,000 after buying an additional 138,343 shares during the last quarter. Finally, Cerity Partners LLC grew its position in shares of ProShares UltraPro QQQ by 30.5% in the 3rd quarter. Cerity Partners LLC now owns 29,339 shares of the exchange traded fund’s stock worth $2,127,000 after buying an additional 6,857 shares during the last quarter.

ProShares UltraPro QQQ Stock Performance

Shares of TQQQ stock opened at $61.13 on Thursday. The firm has a market cap of $18.77 billion, a P/E ratio of 30.83 and a beta of 3.45. ProShares UltraPro QQQ has a fifty-two week low of $48.80 and a fifty-two week high of $93.79. The business’s 50 day moving average price is $80.09 and its 200-day moving average price is $77.17.

ProShares UltraPro QQQ Increases Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were given a $0.2754 dividend. This is a positive change from ProShares UltraPro QQQ’s previous dividend of $0.23. The ex-dividend date was Monday, December 23rd.

ProShares UltraPro QQQ 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.