Hollencrest Capital Management Buys 6,444 Shares of ProShares UltraPro QQQ (NASDAQ:TQQQ)

Hollencrest Capital Management lifted its stake in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 2,557.1% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,696 shares of the exchange traded fund’s stock after acquiring an additional 6,444 shares during the period. Hollencrest Capital Management’s holdings in ProShares UltraPro QQQ were worth $485,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TQQQ. Turim 21 Investimentos Ltda. raised its position in shares of ProShares UltraPro QQQ by 98.5% in the second quarter. Turim 21 Investimentos Ltda. now owns 665 shares of the exchange traded fund’s stock valued at $49,000 after purchasing an additional 330 shares during the period. Hantz Financial Services Inc. bought a new position in ProShares UltraPro QQQ in the 2nd quarter worth $68,000. Signaturefd LLC lifted its position in ProShares UltraPro QQQ by 153.8% during the 3rd quarter. Signaturefd LLC now owns 1,081 shares of the exchange traded fund’s stock worth $78,000 after acquiring an additional 655 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in 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. Finally, Fairfield Financial Advisors LTD acquired a new stake in shares of ProShares UltraPro QQQ in the second quarter valued at about $117,000.

ProShares UltraPro QQQ Trading Up 0.2 %

ProShares UltraPro QQQ stock opened at $82.75 on Friday. The business’s 50-day simple moving average is $70.84 and its 200-day simple moving average is $68.37. ProShares UltraPro QQQ has a 52 week low of $38.06 and a 52 week high of $85.20.

ProShares UltraPro QQQ Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Wednesday, September 25th were issued a dividend of $0.2302 per share. The ex-dividend date of this dividend was Wednesday, September 25th. This is a positive change from ProShares UltraPro QQQ’s previous dividend of $0.22.

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.