ProShares UltraPro QQQ (NASDAQ:TQQQ) Shares Sold by Cedar Wealth Management LLC

Cedar Wealth Management LLC decreased its position in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 81.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,532 shares of the exchange traded fund’s stock after selling 6,899 shares during the quarter. Cedar Wealth Management LLC’s holdings in ProShares UltraPro QQQ were worth $43,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Renaissance Technologies LLC purchased a new stake in ProShares UltraPro QQQ in the 1st quarter valued at about $4,214,000. OLD Mission Capital LLC purchased a new stake in ProShares UltraPro QQQ in the 1st quarter valued at about $1,429,000. Bank of America Corp DE grew its holdings in ProShares UltraPro QQQ by 165.9% in the 1st quarter. Bank of America Corp DE now owns 753,833 shares of the exchange traded fund’s stock valued at $21,303,000 after buying an additional 470,329 shares during the period. Fortress Wealth Group LLC purchased a new stake in ProShares UltraPro QQQ in the 1st quarter valued at about $208,000. Finally, Executive Wealth Management LLC grew its holdings in ProShares UltraPro QQQ by 23.3% in the 1st quarter. Executive Wealth Management LLC now owns 18,776 shares of the exchange traded fund’s stock valued at $531,000 after buying an additional 3,549 shares during the period.

ProShares UltraPro QQQ Stock Performance

TQQQ opened at $40.50 on Friday. The business has a 50-day moving average of $41.37 and a two-hundred day moving average of $34.69. ProShares UltraPro QQQ has a 12 month low of $16.10 and a 12 month high of $47.14.

ProShares UltraPro QQQ Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 28th. Stockholders of record on Thursday, June 22nd were issued a dividend of $0.1276 per share. This represents a $0.51 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend was Wednesday, June 21st.

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.