Flow Traders U.S. LLC Lowers Stock Holdings in ProShares UltraPro QQQ (NASDAQ:TQQQ)

Flow Traders U.S. LLC lessened its stake in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) by 24.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,364 shares of the exchange traded fund’s stock after selling 20,366 shares during the quarter. Flow Traders U.S. LLC’s holdings in ProShares UltraPro QQQ were worth $4,521,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. IMC Chicago LLC raised its position in ProShares UltraPro QQQ by 1,145.4% during the 3rd quarter. IMC Chicago LLC now owns 560,847 shares of the exchange traded fund’s stock worth $40,656,000 after buying an additional 515,815 shares during the last quarter. BNP Paribas Financial Markets purchased a new position in ProShares UltraPro QQQ during the third quarter worth about $21,747,000. International Assets Investment Management LLC lifted its position in ProShares UltraPro QQQ by 14,257.8% in the third quarter. International Assets Investment Management LLC now owns 287,155 shares of the exchange traded fund’s stock valued at $20,816,000 after purchasing an additional 285,155 shares during the period. PPSC Investment Service Corp purchased a new stake in ProShares UltraPro QQQ in the 2nd quarter valued at approximately $12,662,000. Finally, Paragon Advisors LLC increased its position in ProShares UltraPro QQQ by 22.9% during the 3rd quarter. Paragon Advisors LLC now owns 741,671 shares of the exchange traded fund’s stock worth $53,764,000 after purchasing an additional 138,343 shares during the period.

ProShares UltraPro QQQ Price Performance

Shares of TQQQ stock opened at $79.89 on Friday. ProShares UltraPro QQQ has a 12-month low of $41.73 and a 12-month high of $85.20. The stock has a 50 day simple moving average of $74.89 and a 200-day simple moving average of $70.61.

ProShares UltraPro QQQ Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Wednesday, September 25th were issued a $0.2302 dividend. The ex-dividend date was Wednesday, September 25th. This is an increase 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.