Silicon Valley Capital Partners Has $40,000 Stock Holdings in ProShares UltraPro QQQ (NASDAQ:TQQQ)

Silicon Valley Capital Partners decreased its holdings in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 44.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 503 shares of the exchange traded fund’s stock after selling 397 shares during the quarter. Silicon Valley Capital Partners’ holdings in ProShares UltraPro QQQ were worth $40,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Empowered Funds LLC acquired a new position in shares of ProShares UltraPro QQQ in the 4th quarter valued at $729,000. Clarity Wealth Advisors LLC raised its stake in shares of ProShares UltraPro QQQ by 3.9% in the 4th quarter. Clarity Wealth Advisors LLC now owns 9,520 shares of the exchange traded fund’s stock valued at $753,000 after buying an additional 360 shares in the last quarter. Ameliora Wealth Management Ltd. acquired a new position in shares of ProShares UltraPro QQQ in the 4th quarter valued at $391,000. James J. Burns & Company LLC acquired a new position in shares of ProShares UltraPro QQQ in the 4th quarter valued at $206,000. Finally, Ridgepath Capital Management LLC lifted its holdings in ProShares UltraPro QQQ by 21.0% during the 4th quarter. Ridgepath Capital Management LLC now owns 163,389 shares of the exchange traded fund’s stock valued at $12,929,000 after purchasing an additional 28,341 shares during the last quarter.

ProShares UltraPro QQQ Price Performance

Shares of TQQQ stock opened at $82.73 on Monday. ProShares UltraPro QQQ has a 12-month low of $48.80 and a 12-month high of $93.79. The firm has a 50-day moving average price of $83.72 and a 200 day moving average price of $75.00.

ProShares UltraPro QQQ Increases Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were issued a dividend of $0.2754 per share. This is an increase from ProShares UltraPro QQQ’s previous dividend of $0.23. The ex-dividend date was Monday, December 23rd.

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.