Larson Financial Group LLC Decreases Stock Holdings in ProShares UltraPro QQQ (NASDAQ:TQQQ)

Larson Financial Group LLC trimmed its position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) by 93.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,751 shares of the exchange traded fund’s stock after selling 24,585 shares during the period. Larson Financial Group LLC’s holdings in ProShares UltraPro QQQ were worth $139,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. SVB Wealth LLC purchased a new stake in shares of ProShares UltraPro QQQ during the 4th quarter worth approximately $791,000. Chung Wu Investment Group LLC purchased a new stake in shares of ProShares UltraPro QQQ during the 4th quarter worth approximately $983,000. Drive Wealth Management LLC bought a new position in shares of ProShares UltraPro QQQ during the 4th quarter valued at approximately $1,108,000. Oriental Harbor Investment Fund bought a new position in shares of ProShares UltraPro QQQ during the 3rd quarter valued at approximately $82,199,000. Finally, HighTower Advisors LLC increased its position in shares of ProShares UltraPro QQQ by 121.2% during the 3rd quarter. HighTower Advisors LLC now owns 12,389 shares of the exchange traded fund’s stock valued at $896,000 after purchasing an additional 6,788 shares during the last quarter.

ProShares UltraPro QQQ Stock Performance

NASDAQ TQQQ opened at $59.11 on Wednesday. The company has a market cap of $18.15 billion, a P/E ratio of 30.83 and a beta of 3.45. The business’s 50 day moving average price is $80.45 and its 200-day moving average price is $77.28. ProShares UltraPro QQQ has a fifty-two week low of $48.80 and a fifty-two week high of $93.79.

ProShares UltraPro QQQ Increases Dividend

The business also recently announced 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 an increase from ProShares UltraPro QQQ’s previous dividend of $0.23.

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.