ProShares UltraPro QQQ (NASDAQ:TQQQ) Position Reduced by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC reduced its position in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 3.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,229 shares of the exchange traded fund’s stock after selling 991 shares during the period. Commonwealth Equity Services LLC’s holdings in ProShares UltraPro QQQ were worth $2,076,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in TQQQ. Oriental Harbor Investment Fund acquired a new stake in ProShares UltraPro QQQ during the 3rd quarter worth about $82,199,000. BNP Paribas Financial Markets purchased a new stake in shares of ProShares UltraPro QQQ in the third quarter worth approximately $21,747,000. Tidal Investments LLC acquired a new stake in shares of ProShares UltraPro QQQ during the third quarter worth approximately $11,598,000. SBI Securities Co. Ltd. purchased a new position in ProShares UltraPro QQQ during the fourth quarter valued at approximately $9,970,000. Finally, PPSC Investment Service Corp increased its stake in ProShares UltraPro QQQ by 17.5% in the 4th quarter. PPSC Investment Service Corp now owns 446,415 shares of the exchange traded fund’s stock valued at $35,325,000 after buying an additional 66,582 shares during the period.

ProShares UltraPro QQQ Stock Down 1.7 %

Shares of NASDAQ:TQQQ opened at $62.30 on Friday. The firm has a fifty day moving average of $76.31 and a two-hundred day moving average of $76.89. ProShares UltraPro QQQ has a 12-month low of $48.80 and a 12-month high of $93.79. The firm has a market capitalization of $19.13 billion, a P/E ratio of 26.02 and a beta of 3.45.

ProShares UltraPro QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 26th will be paid a $0.1977 dividend. The ex-dividend date of this dividend is Wednesday, March 26th. This represents a $0.79 dividend on an annualized basis and a yield of 1.27%.

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.