Sheaff Brock Investment Advisors LLC Has $1.89 Million Stock Holdings in ProShares UltraPro QQQ (NASDAQ:TQQQ)

Sheaff Brock Investment Advisors LLC raised its stake in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 0.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,075 shares of the exchange traded fund’s stock after purchasing an additional 158 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in ProShares UltraPro QQQ were worth $1,890,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Physician Wealth Advisors Inc. raised its holdings in shares of ProShares UltraPro QQQ by 1.9% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 7,723 shares of the exchange traded fund’s stock worth $565,000 after buying an additional 143 shares in the last quarter. Everhart Financial Group Inc. raised its position in shares of ProShares UltraPro QQQ by 5.0% in the second quarter. Everhart Financial Group Inc. now owns 3,469 shares of the exchange traded fund’s stock worth $256,000 after buying an additional 166 shares in the last quarter. Capital Investment Advisors LLC raised its position in ProShares UltraPro QQQ by 0.4% during the third quarter. Capital Investment Advisors LLC now owns 44,082 shares of the exchange traded fund’s stock valued at $3,196,000 after purchasing an additional 178 shares in the last quarter. Golden State Equity Partners grew its stake in shares of ProShares UltraPro QQQ by 5.2% in the third quarter. Golden State Equity Partners now owns 4,182 shares of the exchange traded fund’s stock worth $303,000 after purchasing an additional 205 shares during the last quarter. Finally, Lauer Wealth LLC boosted its position in ProShares UltraPro QQQ by 6.4% during the 3rd quarter. Lauer Wealth LLC now owns 4,667 shares of the exchange traded fund’s stock valued at $335,000 after acquiring an additional 281 shares in the last quarter.

ProShares UltraPro QQQ Price Performance

NASDAQ TQQQ opened at $77.75 on Friday. The business’s fifty day moving average price is $72.27 and its 200-day moving average price is $69.15. ProShares UltraPro QQQ has a 1-year low of $41.73 and a 1-year high of $85.20.

ProShares UltraPro QQQ Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, October 2nd. Investors of record on Wednesday, September 25th were given a dividend of $0.2302 per share. The ex-dividend date was Wednesday, September 25th. This is a boost from ProShares UltraPro QQQ’s previous dividend of $0.22.

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.