Goldstone Financial Group LLC Makes New $248,000 Investment in ProShares UltraPro QQQ (NASDAQ:TQQQ)

Goldstone Financial Group LLC bought a new stake in ProShares UltraPro QQQ (NASDAQ:TQQQ) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 3,134 shares of the exchange traded fund’s stock, valued at approximately $248,000.

Several other hedge funds and other institutional investors also recently modified their holdings of TQQQ. Ironwood Wealth Management LLC. acquired a new stake in ProShares UltraPro QQQ in the second quarter valued at about $236,000. Axxcess Wealth Management LLC boosted its stake in shares of ProShares UltraPro QQQ by 31.8% in the 2nd quarter. Axxcess Wealth Management LLC now owns 10,219 shares of the exchange traded fund’s stock valued at $754,000 after purchasing an additional 2,463 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in shares of ProShares UltraPro QQQ by 40.3% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 11,723 shares of the exchange traded fund’s stock valued at $865,000 after purchasing an additional 3,368 shares during the last quarter. AE Wealth Management LLC grew its holdings in shares of ProShares UltraPro QQQ by 289.9% during the 2nd quarter. AE Wealth Management LLC now owns 16,019 shares of the exchange traded fund’s stock valued at $1,183,000 after purchasing an additional 11,911 shares during the last quarter. Finally, Itau Unibanco Holding S.A. acquired a new position in ProShares UltraPro QQQ during the 2nd quarter worth approximately $731,000.

ProShares UltraPro QQQ Stock Performance

Shares of ProShares UltraPro QQQ stock opened at $83.14 on Friday. The company’s 50 day moving average price is $82.19 and its two-hundred day moving average price is $74.40. 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 company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were issued a dividend of $0.2754 per share. This is an increase from ProShares UltraPro QQQ’s previous dividend of $0.23. The ex-dividend date was Monday, December 23rd.

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.