Commonwealth Equity Services LLC Raises Stock Position in ProShares UltraPro QQQ (NASDAQ:TQQQ)

Commonwealth Equity Services LLC boosted its position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ – Get Rating) by 29.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,060 shares of the exchange traded fund’s stock after acquiring an additional 12,027 shares during the period. Commonwealth Equity Services LLC’s holdings in ProShares UltraPro QQQ were worth $917,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Jane Street Group LLC lifted its position in ProShares UltraPro QQQ by 104.5% during the second quarter. Jane Street Group LLC now owns 162,916 shares of the exchange traded fund’s stock valued at $3,910,000 after purchasing an additional 3,819,585 shares during the last quarter. Simplex Trading LLC increased its stake in shares of ProShares UltraPro QQQ by 141.0% in the third quarter. Simplex Trading LLC now owns 2,274,018 shares of the exchange traded fund’s stock worth $43,934,000 after buying an additional 1,330,372 shares during the period. Jump Financial LLC increased its position in ProShares UltraPro QQQ by 702.1% during the 3rd quarter. Jump Financial LLC now owns 921,641 shares of the exchange traded fund’s stock valued at $17,806,000 after purchasing an additional 806,736 shares during the period. EHP Funds Inc. purchased a new position in ProShares UltraPro QQQ during the 3rd quarter valued at $6,781,000. Finally, Cantor Fitzgerald L. P. purchased a new stake in shares of ProShares UltraPro QQQ in the 3rd quarter worth about $5,254,000.

ProShares UltraPro QQQ Stock Up 1.0 %

NASDAQ:TQQQ opened at $32.07 on Tuesday. The firm’s 50-day moving average price is $27.68 and its 200-day moving average price is $25.49. ProShares UltraPro QQQ has a 1-year low of $16.10 and a 1-year high of $39.38.

ProShares UltraPro QQQ Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 29th. Investors of record on Thursday, March 23rd were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.87%. This is a positive change from ProShares UltraPro QQQ’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Wednesday, March 22nd.

ProShares UltraPro QQQ Company Profile

(Get Rating)

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.