Merit Financial Group LLC Lowers Position in ProShares UltraPro QQQ (NASDAQ:TQQQ)

Merit Financial Group LLC trimmed its holdings in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) by 7.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,000 shares of the exchange traded fund’s stock after selling 762 shares during the quarter. Merit Financial Group LLC’s holdings in ProShares UltraPro QQQ were worth $507,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in TQQQ. Cedar Wealth Management LLC bought a new position in shares of ProShares UltraPro QQQ in the third quarter worth approximately $438,000. Socha Financial Group LLC bought a new stake in shares of ProShares UltraPro QQQ during the 3rd quarter worth $704,000. Millington Financial Advisors LLC grew its position in ProShares UltraPro QQQ by 12.2% in the third quarter. Millington Financial Advisors LLC now owns 17,736 shares of the exchange traded fund’s stock worth $632,000 after acquiring an additional 1,922 shares in the last quarter. ORG Partners LLC raised its position in ProShares UltraPro QQQ by 20,591.7% during the third quarter. ORG Partners LLC now owns 2,483 shares of the exchange traded fund’s stock valued at $88,000 after purchasing an additional 2,471 shares in the last quarter. Finally, Paragon Advisors LLC lifted its stake in ProShares UltraPro QQQ by 1.4% during the third quarter. Paragon Advisors LLC now owns 1,429,621 shares of the exchange traded fund’s stock worth $50,923,000 after purchasing an additional 19,548 shares during the last quarter.

ProShares UltraPro QQQ Stock Performance

Shares of ProShares UltraPro QQQ stock opened at $58.56 on Wednesday. The business’s 50-day moving average price is $58.44 and its 200-day moving average price is $51.84. ProShares UltraPro QQQ has a 12 month low of $27.81 and a 12 month high of $64.13.

ProShares UltraPro QQQ Announces Dividend

The company also recently announced a dividend, which was paid on Wednesday, March 27th. Investors of record on Thursday, March 21st were paid a $0.2151 dividend. The ex-dividend date of this dividend was Wednesday, March 20th.

About ProShares UltraPro QQQ

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.