ProShares UltraPro QQQ (NASDAQ:TQQQ) is Paragon Advisors LLC’s Largest Position

Paragon Advisors LLC lifted its holdings in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 22.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 741,671 shares of the exchange traded fund’s stock after buying an additional 138,343 shares during the quarter. ProShares UltraPro QQQ makes up about 17.5% of Paragon Advisors LLC’s holdings, making the stock its biggest holding. Paragon Advisors LLC’s holdings in ProShares UltraPro QQQ were worth $53,764,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TQQQ. Physician Wealth Advisors Inc. boosted its holdings in ProShares UltraPro QQQ by 1.9% in the third quarter. Physician Wealth Advisors Inc. now owns 7,723 shares of the exchange traded fund’s stock worth $565,000 after acquiring an additional 143 shares in the last quarter. Sheaff Brock Investment Advisors LLC raised its position in shares of ProShares UltraPro QQQ by 0.6% in the 3rd quarter. Sheaff Brock Investment Advisors LLC now owns 26,075 shares of the exchange traded fund’s stock worth $1,890,000 after purchasing an additional 158 shares during the last quarter. Everhart Financial Group Inc. boosted its stake in ProShares UltraPro QQQ by 5.0% in the 2nd quarter. Everhart Financial Group Inc. now owns 3,469 shares of the exchange traded fund’s stock worth $256,000 after purchasing an additional 166 shares in the last quarter. Capital Investment Advisors LLC grew its position in 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 last quarter. Finally, Golden State Equity Partners increased its stake in ProShares UltraPro QQQ by 5.2% during the 3rd quarter. Golden State Equity Partners now owns 4,182 shares of the exchange traded fund’s stock valued at $303,000 after purchasing an additional 205 shares in the last quarter.

ProShares UltraPro QQQ Trading Down 7.2 %

Shares of NASDAQ TQQQ opened at $74.27 on Friday. The firm’s 50 day moving average price is $72.62 and its 200-day moving average price is $69.27. ProShares UltraPro QQQ has a 52-week low of $41.73 and a 52-week high of $85.20.

ProShares UltraPro QQQ Increases Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, October 2nd. Investors of record on Wednesday, September 25th were given a $0.2302 dividend. The ex-dividend date of this dividend was Wednesday, September 25th. This is a boost from ProShares UltraPro QQQ’s previous dividend of $0.22.

ProShares UltraPro QQQ 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.