James J. Burns & Company LLC Invests $206,000 in ProShares UltraPro QQQ (NASDAQ:TQQQ)

James J. Burns & Company LLC purchased a new stake in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 2,603 shares of the exchange traded fund’s stock, valued at approximately $206,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Hanseatic Management Services Inc. boosted its position in shares of ProShares UltraPro QQQ by 2.9% in the fourth quarter. Hanseatic Management Services Inc. now owns 4,656 shares of the exchange traded fund’s stock worth $368,000 after buying an additional 132 shares during the period. Capital Investment Advisory Services LLC increased its stake in shares of ProShares UltraPro QQQ by 2.7% during the 4th quarter. Capital Investment Advisory Services LLC now owns 5,295 shares of the exchange traded fund’s stock worth $419,000 after purchasing an additional 140 shares during the last quarter. Physician Wealth Advisors Inc. boosted its holdings in ProShares UltraPro QQQ by 1.9% in the third quarter. Physician Wealth Advisors Inc. now owns 7,723 shares of the exchange traded fund’s stock worth $565,000 after purchasing an additional 143 shares in the last quarter. Sheaff Brock Investment Advisors LLC increased its position in ProShares UltraPro QQQ by 0.6% during the third quarter. Sheaff Brock Investment Advisors LLC now owns 26,075 shares of the exchange traded fund’s stock worth $1,890,000 after buying an additional 158 shares during the last quarter. Finally, Capital Investment Advisors LLC raised its stake 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 acquiring an additional 178 shares in the last quarter.

ProShares UltraPro QQQ Stock Down 2.4 %

Shares of NASDAQ:TQQQ opened at $80.72 on Tuesday. The stock’s 50-day moving average is $83.29 and its 200-day moving average is $74.63. ProShares UltraPro QQQ has a 52-week low of $48.80 and a 52-week high of $93.79.

ProShares UltraPro QQQ Increases Dividend

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

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.