Sovereign Financial Group Inc. Takes Position in ProShares UltraPro QQQ (NASDAQ:TQQQ)

Sovereign Financial Group Inc. acquired a new stake in ProShares UltraPro QQQ (NASDAQ:TQQQ) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 13,433 shares of the exchange traded fund’s stock, valued at approximately $681,000.

A number of other hedge funds have also modified their holdings of TQQQ. CPR Investments Inc. grew its stake in shares of ProShares UltraPro QQQ by 491.6% during the 4th quarter. CPR Investments Inc. now owns 82,376 shares of the exchange traded fund’s stock worth $4,176,000 after acquiring an additional 68,451 shares in the last quarter. International Assets Investment Management LLC bought a new position in ProShares UltraPro QQQ in the fourth quarter valued at $5,141,000. CHURCHILL MANAGEMENT Corp acquired a new stake in ProShares UltraPro QQQ in the 4th quarter valued at $7,033,000. Bleakley Financial Group LLC bought a new stake in ProShares UltraPro QQQ during the 4th quarter worth about $3,017,000. Finally, Cerity Partners LLC bought a new position in shares of ProShares UltraPro QQQ in the 4th quarter valued at about $834,000.

ProShares UltraPro QQQ Price Performance

Shares of NASDAQ:TQQQ traded down $0.11 during midday trading on Wednesday, reaching $58.45. The company had a trading volume of 38,515,531 shares, compared to its average volume of 73,004,156. The business’s 50 day moving average price is $58.44 and its 200 day moving average price is $51.84. ProShares UltraPro QQQ has a 1-year low of $27.81 and a 1-year high of $64.13.

ProShares UltraPro QQQ Announces Dividend

The company also recently announced a dividend, which was paid on Wednesday, March 27th. Investors of record on Thursday, March 21st were paid a $0.2151 dividend. The ex-dividend date of this dividend was Wednesday, March 20th.

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.