SeaCrest Wealth Management LLC Trims Stock Position in ProShares UltraPro QQQ (NASDAQ:TQQQ)

SeaCrest Wealth Management LLC trimmed its stake in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 53.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,025 shares of the exchange traded fund’s stock after selling 18,069 shares during the period. SeaCrest Wealth Management LLC’s holdings in ProShares UltraPro QQQ were worth $1,183,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. IMC Chicago LLC increased its holdings in shares of ProShares UltraPro QQQ by 1,635.6% during the fourth quarter. IMC Chicago LLC now owns 9,191,741 shares of the exchange traded fund’s stock valued at $466,021,000 after acquiring an additional 8,662,153 shares in the last quarter. Jane Street Group LLC lifted its stake in shares of 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 worth $632,853,000 after buying an additional 8,392,312 shares in the last quarter. Flow Traders U.S. LLC lifted its stake in shares of ProShares UltraPro QQQ by 433.9% in 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. Orion Portfolio Solutions LLC purchased a new stake in shares of ProShares UltraPro QQQ during the fourth quarter valued at approximately $5,574,000. Finally, DRW Securities LLC bought a new stake in shares of ProShares UltraPro QQQ during the fourth quarter valued at approximately $5,283,000.

ProShares UltraPro QQQ Trading Up 0.0 %

NASDAQ:TQQQ traded up $0.03 on Tuesday, hitting $71.33. The stock had a trading volume of 41,637,463 shares, compared to its average volume of 64,541,738. The business’s 50-day simple moving average is $71.02 and its two-hundred day simple moving average is $63.61. ProShares UltraPro QQQ has a 52-week low of $30.47 and a 52-week high of $85.20.

ProShares UltraPro QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 3rd. Shareholders of record on Wednesday, June 26th were paid a $0.2828 dividend. This represents a $1.13 annualized dividend and a yield of 1.59%. This is an increase from ProShares UltraPro QQQ’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Wednesday, June 26th.

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.