Merit Financial Group LLC Buys New Shares in ProShares UltraPro QQQ (NASDAQ:TQQQ)

Merit Financial Group LLC purchased a new position in ProShares UltraPro QQQ (NASDAQ:TQQQ) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,268 shares of the exchange traded fund’s stock, valued at approximately $338,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TQQQ. Avidian Wealth Enterprises LLC boosted its position in shares of ProShares UltraPro QQQ by 8.8% during the 3rd quarter. Avidian Wealth Enterprises LLC now owns 210,376 shares of the exchange traded fund’s stock worth $15,250,000 after purchasing an additional 17,017 shares in the last quarter. Oriental Harbor Investment Fund bought a new position in ProShares UltraPro QQQ in the third quarter worth approximately $82,199,000. IMC Chicago LLC grew its stake in ProShares UltraPro QQQ by 1,145.4% in the third quarter. IMC Chicago LLC now owns 560,847 shares of the exchange traded fund’s stock valued at $40,656,000 after acquiring an additional 515,815 shares during the period. HighTower Advisors LLC grew its stake in ProShares UltraPro QQQ by 121.2% in the third quarter. HighTower Advisors LLC now owns 12,389 shares of the exchange traded fund’s stock valued at $896,000 after acquiring an additional 6,788 shares during the period. Finally, Cerity Partners LLC raised its position in shares of ProShares UltraPro QQQ by 30.5% during the third quarter. Cerity Partners LLC now owns 29,339 shares of the exchange traded fund’s stock worth $2,127,000 after purchasing an additional 6,857 shares during the period.

ProShares UltraPro QQQ Trading Down 1.8 %

Shares of TQQQ opened at $86.75 on Friday. The business’s fifty day moving average is $82.78 and its 200 day moving average is $74.61. ProShares UltraPro QQQ has a 12-month low of $48.80 and a 12-month high of $93.79.

ProShares UltraPro QQQ Increases Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued a dividend of $0.2754 per share. This is a boost from ProShares UltraPro QQQ’s previous dividend of $0.23. The ex-dividend date of this dividend was Monday, December 23rd.

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.