Ashton Thomas Private Wealth LLC Sells 23,039 Shares of ProShares UltraPro QQQ $TQQQ

Ashton Thomas Private Wealth LLC decreased its position in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 80.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,777 shares of the exchange traded fund’s stock after selling 23,039 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in ProShares UltraPro QQQ were worth $597,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of TQQQ. Chung Wu Investment Group LLC increased its position in shares of ProShares UltraPro QQQ by 30.6% during the third quarter. Chung Wu Investment Group LLC now owns 7,050 shares of the exchange traded fund’s stock valued at $729,000 after purchasing an additional 1,650 shares during the period. Meridian Wealth Management LLC boosted its stake in ProShares UltraPro QQQ by 52.6% during the third quarter. Meridian Wealth Management LLC now owns 8,789 shares of the exchange traded fund’s stock worth $909,000 after buying an additional 3,030 shares in the last quarter. Cutler Investment Counsel LLC increased its holdings in ProShares UltraPro QQQ by 22.6% in the 3rd quarter. Cutler Investment Counsel LLC now owns 4,067 shares of the exchange traded fund’s stock valued at $421,000 after buying an additional 751 shares during the period. CCG Wealth Management LLC acquired a new position in shares of ProShares UltraPro QQQ in the 3rd quarter valued at $350,000. Finally, TRB Advisors LP bought a new position in shares of ProShares UltraPro QQQ during the 3rd quarter worth about $3,102,000.

ProShares UltraPro QQQ Stock Performance

Shares of ProShares UltraPro QQQ stock opened at $50.59 on Monday. The firm has a market cap of $27.15 billion, a P/E ratio of 38.25 and a beta of 3.46. The firm’s 50-day simple moving average is $54.04 and its 200-day simple moving average is $51.31. ProShares UltraPro QQQ has a twelve month low of $17.50 and a twelve month high of $60.69.

ProShares UltraPro QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 24th were issued a dividend of $0.0855 per share. The ex-dividend date of this dividend was Wednesday, December 24th. This is a positive change from ProShares UltraPro QQQ’s previous quarterly dividend of $0.05. This represents a $0.34 dividend on an annualized basis and a yield of 0.7%.

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. ProShare Advisors LLC (ProShare Advisors) provides the investment advisory and management services for the Fund.