CreativeOne Wealth LLC Increases Stake in ProShares UltraPro QQQ (NASDAQ:TQQQ)

CreativeOne Wealth LLC increased its stake in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 11.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,134 shares of the exchange traded fund’s stock after purchasing an additional 2,281 shares during the period. CreativeOne Wealth LLC’s holdings in ProShares UltraPro QQQ were worth $1,751,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. HighTower Advisors LLC lifted its stake in shares of ProShares UltraPro QQQ by 121.2% during the third quarter. HighTower Advisors LLC now owns 12,389 shares of the exchange traded fund’s stock worth $896,000 after buying an additional 6,788 shares during the period. World Investment Advisors LLC lifted its position in ProShares UltraPro QQQ by 11.8% during the 3rd quarter. World Investment Advisors LLC now owns 15,987 shares of the exchange traded fund’s stock worth $1,159,000 after acquiring an additional 1,684 shares during the period. Tidal Investments LLC purchased a new stake in ProShares UltraPro QQQ during the 3rd quarter valued at about $11,598,000. Oriental Harbor Investment Fund acquired a new position in shares of ProShares UltraPro QQQ in the third quarter valued at about $82,199,000. Finally, JPMorgan Chase & Co. raised its stake in shares of ProShares UltraPro QQQ by 55.3% in the third quarter. JPMorgan Chase & Co. now owns 16,951 shares of the exchange traded fund’s stock worth $1,229,000 after purchasing an additional 6,039 shares during the last quarter.

ProShares UltraPro QQQ Stock Up 0.4 %

ProShares UltraPro QQQ stock opened at $49.79 on Wednesday. ProShares UltraPro QQQ has a 52 week low of $35.00 and a 52 week high of $93.79. The stock has a 50-day moving average price of $66.00 and a 200 day moving average price of $74.99. The company has a market capitalization of $20.38 billion, a price-to-earnings ratio of 17.85 and a beta of 3.45.

ProShares UltraPro QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 26th were issued a $0.1977 dividend. This represents a $0.79 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend was Wednesday, March 26th.

About ProShares UltraPro QQQ

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.