Thrivent Financial for Lutherans Has $459,000 Stock Holdings in ProShares UltraPro QQQ (NASDAQ:TQQQ)

Thrivent Financial for Lutherans lowered its stake in ProShares UltraPro QQQ (NASDAQ:TQQQ – Get Rating) by 72.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 26,560 shares of the exchange traded fund’s stock after selling 71,611 shares during the quarter. Thrivent Financial for Lutherans’ holdings in ProShares UltraPro QQQ were worth $459,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Accurate Wealth Management LLC bought a new position in ProShares UltraPro QQQ in the fourth quarter valued at approximately $27,000. JTC Employer Solutions Trustee Ltd acquired a new position in ProShares UltraPro QQQ during the fourth quarter worth $30,000. MinichMacGregor Wealth Management LLC bought a new stake in ProShares UltraPro QQQ during the fourth quarter worth $39,000. CENTRAL TRUST Co lifted its stake in ProShares UltraPro QQQ by 32.3% in the fourth quarter. CENTRAL TRUST Co now owns 3,469 shares of the exchange traded fund’s stock valued at $60,000 after acquiring an additional 847 shares during the last quarter. Finally, Romano Brothers AND Company bought a new position in shares of ProShares UltraPro QQQ in the 4th quarter valued at about $86,000.

ProShares UltraPro QQQ Stock Performance

ProShares UltraPro QQQ stock opened at $32.52 on Friday. ProShares UltraPro QQQ has a fifty-two week low of $16.10 and a fifty-two week high of $39.38. The company’s 50-day moving average is $28.61 and its 200-day moving average is $26.12.

ProShares UltraPro QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 29th. Shareholders of record on Thursday, March 23rd were paid a $0.15 dividend. 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. This represents a $0.60 annualized dividend and a yield of 1.85%.

ProShares UltraPro QQQ Profile

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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.