Arcus Capital Partners LLC Invests $488,000 in ProShares UltraPro QQQ (NASDAQ:TQQQ)

Arcus Capital Partners LLC purchased a new position in ProShares UltraPro QQQ (NASDAQ:TQQQ) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 6,161 shares of the exchange traded fund’s stock, valued at approximately $488,000.

Several other institutional investors also recently added to or reduced their stakes in TQQQ. Avidian Wealth Enterprises LLC increased its position in ProShares UltraPro QQQ by 8.8% during the third quarter. Avidian Wealth Enterprises LLC now owns 210,376 shares of the exchange traded fund’s stock worth $15,250,000 after acquiring an additional 17,017 shares during the period. Drive Wealth Management LLC bought a new position in shares of ProShares UltraPro QQQ during the 4th quarter worth about $1,108,000. Oriental Harbor Investment Fund bought a new position in shares of ProShares UltraPro QQQ during the 3rd quarter worth about $82,199,000. IMC Chicago LLC increased its stake in ProShares UltraPro QQQ by 1,145.4% during the third quarter. IMC Chicago LLC now owns 560,847 shares of the exchange traded fund’s stock valued at $40,656,000 after acquiring an additional 515,815 shares during the period. Finally, HighTower Advisors LLC increased its stake in 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 valued at $896,000 after acquiring an additional 6,788 shares during the period.

ProShares UltraPro QQQ Stock Performance

TQQQ opened at $88.79 on Friday. ProShares UltraPro QQQ has a 1 year low of $48.80 and a 1 year high of $93.79. The stock’s 50 day simple moving average is $83.86 and its 200-day simple moving average is $75.47.

ProShares UltraPro QQQ Increases Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were paid a $0.2754 dividend. This is a boost from ProShares UltraPro QQQ’s previous dividend of $0.23. The ex-dividend date of this dividend was Monday, December 23rd.

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.