Verus Capital Partners LLC Has $311,000 Position in ProShares UltraPro QQQ (NASDAQ:TQQQ)

Verus Capital Partners LLC lowered its holdings in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) by 13.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,925 shares of the exchange traded fund’s stock after selling 617 shares during the period. Verus Capital Partners LLC’s holdings in ProShares UltraPro QQQ were worth $311,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Pinnacle Associates Ltd. lifted its holdings in shares of ProShares UltraPro QQQ by 12.0% during the third quarter. Pinnacle Associates Ltd. now owns 31,157 shares of the exchange traded fund’s stock valued at $2,259,000 after acquiring an additional 3,339 shares during the period. Financial Advocates Investment Management lifted its holdings in shares of ProShares UltraPro QQQ by 3.0% during the third quarter. Financial Advocates Investment Management now owns 9,708 shares of the exchange traded fund’s stock valued at $704,000 after acquiring an additional 286 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of 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 acquiring an additional 1,082 shares during the period. Ground Swell Capital LLC bought a new position in shares of ProShares UltraPro QQQ during the third quarter valued at $695,000. Finally, World Equity Group Inc. bought a new position in shares of ProShares UltraPro QQQ during the third quarter valued at $2,566,000.

ProShares UltraPro QQQ Stock Performance

Shares of NASDAQ TQQQ opened at $74.97 on Friday. The stock has a market cap of $22.33 billion, a PE ratio of 30.83 and a beta of 3.47. The business has a fifty day moving average of $83.08 and a two-hundred day moving average of $77.37. 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 business also recently disclosed 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 of this dividend was Monday, December 23rd. This is a boost from ProShares UltraPro QQQ’s previous dividend of $0.23.

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.