Beacon Capital Management LLC Makes New Investment in ProShares UltraPro QQQ (NASDAQ:TQQQ)

Beacon Capital Management LLC acquired a new position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 1,373 shares of the exchange traded fund’s stock, valued at approximately $109,000.

Several other large investors have also modified their holdings of the stock. Vontobel Holding Ltd. lifted its position in ProShares UltraPro QQQ by 176.8% in the third quarter. Vontobel Holding Ltd. now owns 27,366 shares of the exchange traded fund’s stock valued at $1,984,000 after acquiring an additional 17,478 shares during the last quarter. Capital Investment Advisors LLC lifted its holdings in shares of ProShares UltraPro QQQ by 0.4% in the 3rd 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 during the last quarter. Wealth Alliance Advisory Group LLC lifted its holdings in shares of ProShares UltraPro QQQ by 68.0% in the 3rd quarter. Wealth Alliance Advisory Group LLC now owns 9,002 shares of the exchange traded fund’s stock valued at $653,000 after purchasing an additional 3,643 shares during the last quarter. Castleview Partners LLC boosted its position in shares of ProShares UltraPro QQQ by 719.7% in the 3rd quarter. Castleview Partners LLC now owns 18,254 shares of the exchange traded fund’s stock valued at $1,323,000 after purchasing an additional 16,027 shares during the period. Finally, GFG Capital LLC grew its stake in ProShares UltraPro QQQ by 102.4% during the 3rd quarter. GFG Capital LLC now owns 7,411 shares of the exchange traded fund’s stock worth $537,000 after buying an additional 3,750 shares during the last quarter.

ProShares UltraPro QQQ Trading Up 1.2 %

Shares of NASDAQ TQQQ opened at $89.83 on Friday. ProShares UltraPro QQQ has a twelve month low of $48.80 and a twelve month high of $93.79. The stock has a 50 day moving average of $83.90 and a two-hundred day moving average of $75.72.

ProShares UltraPro QQQ Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were given a $0.2754 dividend. 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.