Avidian Wealth Enterprises LLC Sells 30,642 Shares of ProShares UltraPro QQQ (NASDAQ:TQQQ)

Avidian Wealth Enterprises LLC lowered its holdings in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 14.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 179,734 shares of the exchange traded fund’s stock after selling 30,642 shares during the quarter. Avidian Wealth Enterprises LLC’s holdings in ProShares UltraPro QQQ were worth $14,222,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in TQQQ. RPg Family Wealth Advisory LLC bought a new stake in shares of ProShares UltraPro QQQ during the third quarter valued at approximately $32,000. Signaturefd LLC boosted its stake in ProShares UltraPro QQQ by 153.8% during the 3rd quarter. Signaturefd LLC now owns 1,081 shares of the exchange traded fund’s stock worth $78,000 after acquiring an additional 655 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in ProShares UltraPro QQQ by 235.7% during the third quarter. Farther Finance Advisors LLC now owns 1,541 shares of the exchange traded fund’s stock valued at $112,000 after purchasing an additional 1,082 shares during the period. James J. Burns & Company LLC bought a new stake in ProShares UltraPro QQQ in the fourth quarter valued at approximately $206,000. Finally, Carnegie Investment Counsel acquired a new stake in ProShares UltraPro QQQ in the fourth quarter worth $214,000.

ProShares UltraPro QQQ Price Performance

Shares of NASDAQ TQQQ opened at $85.03 on Wednesday. ProShares UltraPro QQQ has a twelve month low of $48.80 and a twelve month high of $93.79. The company’s fifty day moving average is $83.82 and its 200-day moving average is $75.30.

ProShares UltraPro QQQ Increases Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were issued a dividend of $0.2754 per share. The ex-dividend date was Monday, December 23rd. This is a positive change from ProShares UltraPro QQQ’s previous dividend of $0.23.

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.