Summit Trail Advisors LLC Invests $728,000 in ProShares UltraPro QQQ (NASDAQ:TQQQ)

Summit Trail Advisors LLC bought a new stake in ProShares UltraPro QQQ (NASDAQ:TQQQ) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 9,200 shares of the exchange traded fund’s stock, valued at approximately $728,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Oriental Harbor Investment Fund acquired a new stake in ProShares UltraPro QQQ in the third quarter valued at approximately $82,199,000. Paragon Advisors LLC grew its holdings 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 valued at $53,764,000 after purchasing an additional 138,343 shares in the last quarter. IMC Chicago LLC grew its holdings 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 valued at $40,656,000 after purchasing an additional 515,815 shares in the last quarter. BNP Paribas Financial Markets purchased a new stake in ProShares UltraPro QQQ during the 3rd quarter worth $21,747,000. Finally, International Assets Investment Management LLC lifted its holdings in ProShares UltraPro QQQ by 14,257.8% in the 3rd quarter. International Assets Investment Management LLC now owns 287,155 shares of the exchange traded fund’s stock worth $20,816,000 after buying an additional 285,155 shares in the last quarter.

ProShares UltraPro QQQ Price Performance

NASDAQ:TQQQ opened at $85.03 on Wednesday. ProShares UltraPro QQQ has a 1-year low of $48.80 and a 1-year high of $93.79. The firm has a 50-day moving average of $83.82 and a two-hundred day moving average of $75.30.

ProShares UltraPro QQQ Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were issued a $0.2754 dividend. The ex-dividend date of this dividend was Monday, December 23rd. This is an increase from ProShares UltraPro QQQ’s previous dividend of $0.23.

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.