Silicon Valley Capital Partners Sells 1,273 Shares of ProShares UltraPro QQQ (NASDAQ:TQQQ)

Silicon Valley Capital Partners reduced its stake in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) by 58.6% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 900 shares of the exchange traded fund’s stock after selling 1,273 shares during the period. Silicon Valley Capital Partners’ holdings in ProShares UltraPro QQQ were worth $65,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Turim 21 Investimentos Ltda. lifted its stake in ProShares UltraPro QQQ by 98.5% during the 2nd quarter. Turim 21 Investimentos Ltda. now owns 665 shares of the exchange traded fund’s stock valued at $49,000 after acquiring an additional 330 shares in the last quarter. Hantz Financial Services Inc. bought a new position in shares of ProShares UltraPro QQQ during the second quarter valued at about $68,000. Signaturefd LLC boosted its holdings in ProShares UltraPro QQQ by 153.8% during the third quarter. Signaturefd LLC now owns 1,081 shares of the exchange traded fund’s stock worth $78,000 after purchasing an additional 655 shares during the last quarter. Farther Finance Advisors LLC grew its position in ProShares UltraPro QQQ by 235.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,541 shares of the exchange traded fund’s stock worth $112,000 after purchasing an additional 1,082 shares in the last quarter. Finally, Fairfield Financial Advisors LTD purchased a new stake in ProShares UltraPro QQQ in the 2nd quarter valued at about $117,000.

ProShares UltraPro QQQ Stock Performance

Shares of NASDAQ TQQQ opened at $70.75 on Monday. The stock’s 50 day moving average price is $69.87 and its 200-day moving average price is $67.59. ProShares UltraPro QQQ has a twelve month low of $37.32 and a twelve month high of $85.20.

ProShares UltraPro QQQ Increases Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Wednesday, September 25th were given a $0.2302 dividend. The ex-dividend date of this dividend was Wednesday, September 25th. This is a boost from ProShares UltraPro QQQ’s previous dividend of $0.22.

About ProShares UltraPro QQQ

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.