Sloy Dahl & Holst LLC Cuts Holdings in ProShares UltraPro QQQ (NASDAQ:TQQQ)

Sloy Dahl & Holst LLC lessened its stake in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 27.1% in the first quarter, Holdings Channel.com reports. The institutional investor owned 4,828 shares of the exchange traded fund’s stock after selling 1,797 shares during the quarter. Sloy Dahl & Holst LLC’s holdings in ProShares UltraPro QQQ were worth $297,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Flagstar Advisors Inc. grew its stake in ProShares UltraPro QQQ by 0.4% in the 4th quarter. Flagstar Advisors Inc. now owns 53,439 shares of the exchange traded fund’s stock worth $2,709,000 after buying an additional 233 shares in the last quarter. Wealthspire Advisors LLC boosted its stake in shares of ProShares UltraPro QQQ by 3.8% in the 4th quarter. Wealthspire Advisors LLC now owns 7,569 shares of the exchange traded fund’s stock valued at $384,000 after purchasing an additional 279 shares in the last quarter. Physician Wealth Advisors Inc. boosted its stake in shares of ProShares UltraPro QQQ by 4.1% in the 1st quarter. Physician Wealth Advisors Inc. now owns 7,675 shares of the exchange traded fund’s stock valued at $472,000 after purchasing an additional 302 shares in the last quarter. Millington Financial Advisors LLC boosted its stake in shares of ProShares UltraPro QQQ by 2.3% in the 4th quarter. Millington Financial Advisors LLC now owns 18,148 shares of the exchange traded fund’s stock valued at $920,000 after purchasing an additional 412 shares in the last quarter. Finally, Signaturefd LLC boosted its stake in shares of ProShares UltraPro QQQ by 9.6% in the 4th quarter. Signaturefd LLC now owns 4,798 shares of the exchange traded fund’s stock valued at $243,000 after purchasing an additional 422 shares in the last quarter.

ProShares UltraPro QQQ Price Performance

Shares of ProShares UltraPro QQQ stock traded up $0.73 during trading on Wednesday, reaching $78.06. The company’s stock had a trading volume of 15,214,489 shares, compared to its average volume of 64,163,387. ProShares UltraPro QQQ has a 52-week low of $30.47 and a 52-week high of $78.15. The firm’s 50-day moving average is $65.32 and its two-hundred day moving average is $59.38.

ProShares UltraPro QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 3rd. Stockholders of record on Wednesday, June 26th will be paid a $0.2828 dividend. This is a boost from ProShares UltraPro QQQ’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Wednesday, June 26th. This represents a $1.13 dividend on an annualized basis and a dividend yield of 1.45%.

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.