Mill Creek Capital Advisors LLC Has $504,000 Holdings in ProShares UltraPro QQQ (NASDAQ:TQQQ)

Mill Creek Capital Advisors LLC reduced its holdings in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 44.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,369 shares of the exchange traded fund’s stock after selling 5,035 shares during the quarter. Mill Creek Capital Advisors LLC’s holdings in ProShares UltraPro QQQ were worth $504,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Hanseatic Management Services Inc. increased its holdings in ProShares UltraPro QQQ by 2.9% in the fourth quarter. Hanseatic Management Services Inc. now owns 4,656 shares of the exchange traded fund’s stock valued at $368,000 after purchasing an additional 132 shares during the last quarter. Capital Investment Advisory Services LLC increased its stake in ProShares UltraPro QQQ by 2.7% in the fourth quarter. Capital Investment Advisory Services LLC now owns 5,295 shares of the exchange traded fund’s stock valued at $419,000 after purchasing an additional 140 shares in the last quarter. Physician Wealth Advisors Inc. raised its holdings in ProShares UltraPro QQQ by 1.9% in the third quarter. Physician Wealth Advisors Inc. now owns 7,723 shares of the exchange traded fund’s stock worth $565,000 after purchasing an additional 143 shares during the period. Sheaff Brock Investment Advisors LLC boosted its position in shares of ProShares UltraPro QQQ by 0.6% during the third quarter. Sheaff Brock Investment Advisors LLC now owns 26,075 shares of the exchange traded fund’s stock worth $1,890,000 after purchasing an additional 158 shares in the last quarter. Finally, Capital Investment Advisors LLC grew its stake in ProShares UltraPro QQQ by 0.4% in the third quarter. Capital Investment Advisors LLC now owns 44,082 shares of the exchange traded fund’s stock valued at $3,196,000 after acquiring an additional 178 shares during the period.

ProShares UltraPro QQQ Stock Performance

Shares of ProShares UltraPro QQQ stock opened at $85.64 on Tuesday. ProShares UltraPro QQQ has a 1 year low of $48.80 and a 1 year high of $93.79. The business has a 50-day moving average of $83.78 and a two-hundred day moving average of $75.16.

ProShares UltraPro QQQ Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were issued a dividend of $0.2754 per share. This is a positive change from ProShares UltraPro QQQ’s previous dividend of $0.23. The ex-dividend date was Monday, December 23rd.

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.