Farther Finance Advisors LLC Acquires 1,715 Shares of ProShares UltraPro QQQ (NASDAQ:TQQQ)

Farther Finance Advisors LLC grew its holdings in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 111.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,256 shares of the exchange traded fund’s stock after acquiring an additional 1,715 shares during the period. Farther Finance Advisors LLC’s holdings in ProShares UltraPro QQQ were worth $258,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in TQQQ. RPg Family Wealth Advisory LLC bought a new position in ProShares UltraPro QQQ in the third quarter worth approximately $32,000. PayPay Securities Corp raised its position in ProShares UltraPro QQQ by 119.3% in the fourth quarter. PayPay Securities Corp now owns 500 shares of the exchange traded fund’s stock worth $40,000 after acquiring an additional 272 shares during the period. Beacon Capital Management LLC bought a new position in ProShares UltraPro QQQ in the fourth quarter worth approximately $109,000. James J. Burns & Company LLC bought a new position in ProShares UltraPro QQQ in the fourth quarter worth approximately $206,000. Finally, Carnegie Investment Counsel bought a new position in ProShares UltraPro QQQ in the fourth quarter worth approximately $214,000.

ProShares UltraPro QQQ Trading Down 5.0 %

TQQQ opened at $59.91 on Wednesday. The company has a market capitalization of $20.18 billion, a PE ratio of 26.02 and a beta of 3.47. ProShares UltraPro QQQ has a 1-year low of $48.80 and a 1-year high of $93.79. The firm’s 50 day simple moving average is $78.41 and its two-hundred day simple moving average is $77.03.

ProShares UltraPro QQQ Increases Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were given a dividend of $0.2754 per share. This is an increase from ProShares UltraPro QQQ’s previous dividend of $0.23. The ex-dividend date of this dividend was Monday, December 23rd.

ProShares UltraPro QQQ Company 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.