Paragon Advisors LLC Sells 563,415 Shares of ProShares UltraPro QQQ (NASDAQ:TQQQ)

Paragon Advisors LLC cut its holdings in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 76.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 178,256 shares of the exchange traded fund’s stock after selling 563,415 shares during the quarter. ProShares UltraPro QQQ comprises 4.8% of Paragon Advisors LLC’s portfolio, making the stock its 5th largest position. Paragon Advisors LLC’s holdings in ProShares UltraPro QQQ were worth $14,105,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. RPg Family Wealth Advisory LLC acquired a new stake in shares of ProShares UltraPro QQQ in the 3rd quarter valued at approximately $32,000. Turim 21 Investimentos Ltda. increased its stake in ProShares UltraPro QQQ by 98.5% in the second quarter. Turim 21 Investimentos Ltda. now owns 665 shares of the exchange traded fund’s stock valued at $49,000 after purchasing an additional 330 shares in the last quarter. Signaturefd LLC raised its holdings in ProShares UltraPro QQQ by 153.8% in the third quarter. Signaturefd LLC now owns 1,081 shares of the exchange traded fund’s stock worth $78,000 after purchasing an additional 655 shares during the period. Farther Finance Advisors LLC boosted its position in shares of ProShares UltraPro QQQ by 235.7% during the third quarter. Farther Finance Advisors LLC now owns 1,541 shares of the exchange traded fund’s stock worth $112,000 after purchasing an additional 1,082 shares in the last quarter. Finally, Fairfield Financial Advisors LTD acquired a new position in shares of ProShares UltraPro QQQ in the 2nd quarter valued at $117,000.

ProShares UltraPro QQQ Stock Performance

TQQQ opened at $76.83 on Monday. The company has a fifty day simple moving average of $82.03 and a 200 day simple moving average of $74.24. ProShares UltraPro QQQ has a 12 month low of $47.87 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. Stockholders of record on Monday, December 23rd were given a dividend of $0.2754 per share. The ex-dividend date was Monday, December 23rd. This is a positive change from ProShares UltraPro QQQ’s previous dividend of $0.23.

ProShares UltraPro QQQ Company 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.