4,416 Shares in ProShares UltraPro QQQ (NASDAQ:TQQQ) Acquired by Traynor Capital Management Inc.

Traynor Capital Management Inc. bought a new stake in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 4,416 shares of the exchange traded fund’s stock, valued at approximately $320,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Physician Wealth Advisors Inc. lifted its holdings in shares of ProShares UltraPro QQQ by 1.9% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 7,723 shares of the exchange traded fund’s stock valued at $565,000 after buying an additional 143 shares during the period. Everhart Financial Group Inc. increased its position in ProShares UltraPro QQQ by 5.0% during the second quarter. Everhart Financial Group Inc. now owns 3,469 shares of the exchange traded fund’s stock valued at $256,000 after acquiring an additional 166 shares during the last quarter. Capital Investment Advisors LLC grew its stake in shares of ProShares UltraPro QQQ by 0.4% during the 3rd quarter. Capital Investment Advisors LLC now owns 44,082 shares of the exchange traded fund’s stock valued at $3,196,000 after purchasing an additional 178 shares during the period. Sheaff Brock Investment Advisors LLC increased its position in shares of ProShares UltraPro QQQ by 0.7% during the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 26,282 shares of the exchange traded fund’s stock valued at $1,618,000 after purchasing an additional 187 shares during the last quarter. Finally, Lauer Wealth LLC lifted its stake in shares of ProShares UltraPro QQQ by 6.4% in the 3rd quarter. Lauer Wealth LLC now owns 4,667 shares of the exchange traded fund’s stock worth $335,000 after purchasing an additional 281 shares during the period.

ProShares UltraPro QQQ Stock Performance

Shares of NASDAQ TQQQ opened at $76.88 on Wednesday. ProShares UltraPro QQQ has a 12-month low of $31.58 and a 12-month high of $85.20. The firm has a 50 day moving average of $69.78 and a 200 day moving average of $67.33.

ProShares UltraPro QQQ Increases Dividend

The company also recently declared a dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Wednesday, September 25th were issued a dividend of $0.2302 per share. The ex-dividend date of this dividend was Wednesday, September 25th. This is an increase from ProShares UltraPro QQQ’s previous dividend of $0.22.

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.