Clarity Wealth Advisors LLC Sells 3,770 Shares of ProShares UltraPro QQQ (NASDAQ:TQQQ)

Clarity Wealth Advisors LLC cut its position in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 30.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,440 shares of the exchange traded fund’s stock after selling 3,770 shares during the quarter. Clarity Wealth Advisors LLC’s holdings in ProShares UltraPro QQQ were worth $520,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in TQQQ. IMC Chicago LLC boosted its stake in ProShares UltraPro QQQ by 1,635.6% in the 4th quarter. IMC Chicago LLC now owns 9,191,741 shares of the exchange traded fund’s stock valued at $466,021,000 after purchasing an additional 8,662,153 shares during the period. McElhenny Sheffield Capital Management LLC acquired a new stake in shares of ProShares UltraPro QQQ during the 4th quarter worth $24,056,000. Howard Capital Management Inc. acquired a new stake in shares of ProShares UltraPro QQQ during the 4th quarter worth $17,511,000. CHURCHILL MANAGEMENT Corp acquired a new stake in shares of ProShares UltraPro QQQ during the 4th quarter worth $7,033,000. Finally, Orion Portfolio Solutions LLC acquired a new stake in shares of ProShares UltraPro QQQ during the 4th quarter worth $5,574,000.

ProShares UltraPro QQQ Stock Performance

Shares of TQQQ traded down $1.18 during trading hours on Friday, hitting $73.82. 53,901,476 shares of the company were exchanged, compared to its average volume of 64,940,441. ProShares UltraPro QQQ has a fifty-two week low of $30.47 and a fifty-two week high of $77.72. The firm’s fifty day moving average is $64.35 and its 200 day moving average is $59.00.

ProShares UltraPro QQQ Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 3rd. Stockholders of record on Wednesday, June 26th will be issued a dividend of $0.2828 per share. This is a positive change from ProShares UltraPro QQQ’s previous quarterly dividend of $0.22. This represents a $1.13 annualized dividend and a dividend yield of 1.53%. The ex-dividend date of this dividend is Wednesday, June 26th.

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.