Paragon Advisors LLC Boosts Stock Position in ProShares UltraPro QQQ $TQQQ

Paragon Advisors LLC raised its holdings in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 104.6% in the fourth quarter, Holdings Channel reports. The fund owned 146,543 shares of the exchange traded fund’s stock after acquiring an additional 74,933 shares during the period. ProShares UltraPro QQQ accounts for about 2.1% of Paragon Advisors LLC’s portfolio, making the stock its 10th biggest position. Paragon Advisors LLC’s holdings in ProShares UltraPro QQQ were worth $7,726,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of TQQQ. MFG Wealth Management Inc. grew its position in shares of ProShares UltraPro QQQ by 98.3% in the 4th quarter. MFG Wealth Management Inc. now owns 67,453 shares of the exchange traded fund’s stock valued at $3,556,000 after purchasing an additional 33,442 shares during the period. Diversified Trust Co. raised its holdings in ProShares UltraPro QQQ by 100.0% during the 4th quarter. Diversified Trust Co. now owns 110,000 shares of the exchange traded fund’s stock worth $5,799,000 after buying an additional 55,000 shares during the period. Advyzon Investment Management LLC lifted its stake in ProShares UltraPro QQQ by 145.6% in the third quarter. Advyzon Investment Management LLC now owns 45,678 shares of the exchange traded fund’s stock valued at $4,723,000 after buying an additional 27,081 shares in the last quarter. Ausdal Financial Partners Inc. lifted its stake in ProShares UltraPro QQQ by 778.5% in the third quarter. Ausdal Financial Partners Inc. now owns 51,698 shares of the exchange traded fund’s stock valued at $5,346,000 after buying an additional 45,813 shares in the last quarter. Finally, Orion Porfolio Solutions LLC boosted its holdings in shares of ProShares UltraPro QQQ by 148.2% in the third quarter. Orion Porfolio Solutions LLC now owns 84,408 shares of the exchange traded fund’s stock valued at $8,728,000 after buying an additional 50,404 shares during the period.

ProShares UltraPro QQQ Stock Up 1.8%

Shares of TQQQ stock opened at $44.39 on Thursday. The firm has a fifty day moving average of $50.07 and a 200-day moving average of $52.04. ProShares UltraPro QQQ has a 12-month low of $17.50 and a 12-month high of $60.69. The company has a market capitalization of $23.83 billion, a price-to-earnings ratio of 38.25 and a beta of 3.46.

ProShares UltraPro QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Wednesday, March 25th will be paid a $0.0716 dividend. The ex-dividend date of this dividend is Wednesday, March 25th. This represents a $0.29 dividend on an annualized basis and a yield of 0.6%.

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. ProShare Advisors LLC (ProShare Advisors) provides the investment advisory and management services for the Fund.