GFG Capital LLC Grows Stock Holdings in ProShares UltraPro QQQ (NASDAQ:TQQQ)

GFG Capital LLC raised its position in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 102.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,411 shares of the exchange traded fund’s stock after acquiring an additional 3,750 shares during the quarter. GFG Capital LLC’s holdings in ProShares UltraPro QQQ were worth $537,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of TQQQ. Jane Street Group LLC boosted its stake in shares of ProShares UltraPro QQQ by 444.5% during the 1st quarter. Jane Street Group LLC now owns 10,280,259 shares of the exchange traded fund’s stock valued at $632,853,000 after purchasing an additional 8,392,312 shares in the last quarter. Flow Traders U.S. LLC boosted its stake in ProShares UltraPro QQQ by 433.9% during 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 acquiring an additional 1,245,229 shares in the last quarter. PPSC Investment Service Corp bought a new stake in ProShares UltraPro QQQ during the second quarter worth about $12,662,000. TB Alternative Assets Ltd. bought a new stake in ProShares UltraPro QQQ during the first quarter worth about $4,352,000. Finally, DRW Securities LLC boosted its stake in ProShares UltraPro QQQ by 1,607.2% during the second quarter. DRW Securities LLC now owns 61,580 shares of the exchange traded fund’s stock worth $4,577,000 after acquiring an additional 57,973 shares in the last quarter.

ProShares UltraPro QQQ Price Performance

NASDAQ:TQQQ opened at $75.05 on Tuesday. ProShares UltraPro QQQ has a one year low of $30.47 and a one year high of $85.20. The company’s 50-day simple moving average is $68.97 and its 200 day simple moving average is $66.72.

ProShares UltraPro QQQ Increases Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, October 2nd. Investors of record on Wednesday, September 25th were paid a dividend of $0.2302 per share. The ex-dividend date of this dividend was Wednesday, September 25th. This is a positive change from ProShares UltraPro QQQ’s previous dividend of $0.22.

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.