Dale Q Rice Investment Management Ltd Invests $638,000 in ProShares UltraPro QQQ (NASDAQ:TQQQ)

Dale Q Rice Investment Management Ltd acquired a new stake in ProShares UltraPro QQQ (NASDAQ:TQQQ) in the fourth quarter, HoldingsChannel reports. The firm acquired 8,057 shares of the exchange traded fund’s stock, valued at approximately $638,000.

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

ProShares UltraPro QQQ Trading Down 1.0 %

NASDAQ TQQQ opened at $76.03 on Tuesday. The business’s 50-day moving average price is $82.03 and its two-hundred day moving average price is $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 business also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were issued a $0.2754 dividend. The ex-dividend date of this dividend was Monday, December 23rd. This is a boost 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.