Wealth Architects LLC Sells 790 Shares of ProShares UltraPro QQQ (NASDAQ:TQQQ)

Wealth Architects LLC reduced its holdings in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 6.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 10,982 shares of the exchange traded fund’s stock after selling 790 shares during the quarter. Wealth Architects LLC’s holdings in ProShares UltraPro QQQ were worth $869,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. GWN Securities Inc. bought a new position in ProShares UltraPro QQQ in the 4th quarter worth about $331,000. Farther Finance Advisors LLC increased its stake in ProShares UltraPro QQQ by 111.3% in the 4th quarter. Farther Finance Advisors LLC now owns 3,256 shares of the exchange traded fund’s stock worth $258,000 after acquiring an additional 1,715 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in ProShares UltraPro QQQ by 10,714.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 14,924 shares of the exchange traded fund’s stock worth $1,181,000 after acquiring an additional 14,786 shares during the last quarter. HighTower Advisors LLC increased its stake in ProShares UltraPro QQQ by 38.6% in the 4th quarter. HighTower Advisors LLC now owns 17,168 shares of the exchange traded fund’s stock worth $1,358,000 after acquiring an additional 4,779 shares during the last quarter. Finally, Independent Advisor Alliance bought a new position in ProShares UltraPro QQQ in the 4th quarter worth about $220,000.

ProShares UltraPro QQQ Stock Up 7.5 %

Shares of NASDAQ TQQQ opened at $62.14 on Monday. The stock’s 50-day simple moving average is $79.27 and its two-hundred day simple moving average is $77.12. ProShares UltraPro QQQ has a twelve month low of $48.80 and a twelve month high of $93.79. The firm has a market capitalization of $19.08 billion, a P/E ratio of 30.83 and a beta of 3.45.

ProShares UltraPro QQQ Increases Dividend

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

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.