BNP Paribas Financial Markets Purchases Shares of 300,000 ProShares UltraPro QQQ (NASDAQ:TQQQ)

BNP Paribas Financial Markets acquired a new position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 300,000 shares of the exchange traded fund’s stock, valued at approximately $21,747,000.

Other hedge funds have also made changes to their positions in the company. Cetera Investment Advisers acquired a new position in ProShares UltraPro QQQ in the first quarter valued at approximately $2,152,000. U.S. Capital Wealth Advisors LLC purchased a new position in shares of ProShares UltraPro QQQ in the 2nd quarter valued at $295,000. EWG Elevate Inc. acquired a new stake in ProShares UltraPro QQQ during the 2nd quarter worth $224,000. Steele Capital Management Inc. lifted its position in ProShares UltraPro QQQ by 28.9% in the second quarter. Steele Capital Management Inc. now owns 4,455 shares of the exchange traded fund’s stock valued at $330,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Redhawk Wealth Advisors Inc. acquired a new position in ProShares UltraPro QQQ in the second quarter valued at $226,000.

ProShares UltraPro QQQ Stock Up 2.6 %

Shares of TQQQ stock opened at $79.89 on Friday. ProShares UltraPro QQQ has a 1 year low of $41.73 and a 1 year high of $85.20. The stock’s 50-day moving average is $75.08 and its two-hundred day moving average is $70.75.

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 given a dividend of $0.2302 per share. This is a positive change from ProShares UltraPro QQQ’s previous dividend of $0.22. The ex-dividend date of this dividend was Wednesday, September 25th.

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.