Commonwealth Equity Services LLC Lowers Stake in ProShares UltraPro QQQ (NASDAQ:TQQQ)

Commonwealth Equity Services LLC trimmed its position in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 1.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 44,157 shares of the exchange traded fund’s stock after selling 592 shares during the period. Commonwealth Equity Services LLC’s holdings in ProShares UltraPro QQQ were worth $2,718,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the business. UBS Group AG acquired a new position in ProShares UltraPro QQQ during the third quarter valued at $2,225,000. Tucker Asset Management LLC increased its position in shares of ProShares UltraPro QQQ by 153.9% during the third quarter. Tucker Asset Management LLC now owns 35,577 shares of the exchange traded fund’s stock valued at $1,267,000 after acquiring an additional 21,566 shares during the last quarter. Citigroup Inc. purchased a new position in shares of ProShares UltraPro QQQ during the 3rd quarter worth approximately $221,000. Anchor Investment Management LLC acquired a new stake in ProShares UltraPro QQQ in the 4th quarter valued at approximately $210,000. Finally, Fulton Bank N.A. purchased a new position in shares of ProShares UltraPro QQQ during the fourth quarter worth $719,000.

ProShares UltraPro QQQ Price Performance

Shares of ProShares UltraPro QQQ stock traded up $2.24 during trading on Friday, hitting $81.47. 24,333,660 shares of the stock were exchanged, compared to its average volume of 63,952,691. ProShares UltraPro QQQ has a 12-month low of $30.47 and a 12-month high of $81.48. The firm’s 50-day moving average price is $66.36 and its 200 day moving average price is $59.66.

ProShares UltraPro QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 3rd. Investors of record on Wednesday, June 26th were given a $0.2828 dividend. This represents a $1.13 dividend on an annualized basis and a yield of 1.39%. This is a positive change from ProShares UltraPro QQQ’s previous quarterly dividend of $0.22. The ex-dividend date was Wednesday, June 26th.

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.