Kwmg LLC Sells 9,487 Shares of ProShares UltraPro QQQ (NASDAQ:TQQQ)

Kwmg LLC reduced its stake in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 75.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 3,013 shares of the exchange traded fund’s stock after selling 9,487 shares during the quarter. Kwmg LLC’s holdings in ProShares UltraPro QQQ were worth $238,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TQQQ. Oriental Harbor Investment Fund bought a new stake in shares of ProShares UltraPro QQQ during the 3rd quarter worth $82,199,000. IMC Chicago LLC lifted its holdings in shares of ProShares UltraPro QQQ by 1,145.4% during the 3rd quarter. IMC Chicago LLC now owns 560,847 shares of the exchange traded fund’s stock worth $40,656,000 after acquiring an additional 515,815 shares during the period. BNP Paribas Financial Markets acquired a new stake in ProShares UltraPro QQQ during the third quarter valued at approximately $21,747,000. International Assets Investment Management LLC raised its stake in ProShares UltraPro QQQ by 14,257.8% during the third quarter. International Assets Investment Management LLC now owns 287,155 shares of the exchange traded fund’s stock worth $20,816,000 after acquiring an additional 285,155 shares in the last quarter. Finally, Tidal Investments LLC acquired a new position in ProShares UltraPro QQQ in the third quarter valued at about $11,598,000.

ProShares UltraPro QQQ Stock Down 1.0 %

Shares of TQQQ traded down $0.79 on Monday, hitting $76.04. The company’s stock had a trading volume of 55,063,622 shares, compared to its average volume of 55,912,145. The company has a 50 day moving average price of $82.03 and a 200 day moving average price of $74.24. ProShares UltraPro QQQ has a fifty-two week low of $47.87 and a fifty-two week high of $93.79.

ProShares UltraPro QQQ Increases Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were paid a $0.2754 dividend. 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 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.