SeaCrest Wealth Management LLC Cuts Stake in ProShares UltraPro QQQ (NASDAQ:TQQQ)

SeaCrest Wealth Management LLC cut its holdings in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 20.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,741 shares of the exchange traded fund’s stock after selling 3,284 shares during the period. SeaCrest Wealth Management LLC’s holdings in ProShares UltraPro QQQ were worth $924,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Jane Street Group LLC grew its position in shares of ProShares UltraPro QQQ by 444.5% during the first quarter. Jane Street Group LLC now owns 10,280,259 shares of the exchange traded fund’s stock valued at $632,853,000 after purchasing an additional 8,392,312 shares in the last quarter. Flow Traders U.S. LLC increased its stake in ProShares UltraPro QQQ by 433.9% in the 1st quarter. Flow Traders U.S. LLC now owns 1,532,199 shares of the exchange traded fund’s stock worth $94,322,000 after acquiring an additional 1,245,229 shares during the last quarter. Howard Capital Management Inc. raised its holdings in shares of ProShares UltraPro QQQ by 7.1% during the 2nd quarter. Howard Capital Management Inc. now owns 378,154 shares of the exchange traded fund’s stock worth $27,929,000 after acquiring an additional 25,087 shares in the last quarter. Avidian Wealth Solutions LLC boosted its position in shares of ProShares UltraPro QQQ by 10.7% during the 1st quarter. Avidian Wealth Solutions LLC now owns 177,959 shares of the exchange traded fund’s stock valued at $10,955,000 after acquiring an additional 17,245 shares during the last quarter. Finally, PPSC Investment Service Corp purchased a new position in shares of ProShares UltraPro QQQ in the second quarter valued at $12,662,000.

ProShares UltraPro QQQ Stock Down 0.1 %

ProShares UltraPro QQQ stock opened at $73.12 on Thursday. ProShares UltraPro QQQ has a 52-week low of $30.47 and a 52-week high of $85.20. The firm’s fifty day moving average is $68.03 and its 200 day moving average is $66.37.

ProShares UltraPro QQQ Increases Dividend

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

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.