Innova Wealth Partners Purchases Shares of 10,061 ProShares UltraPro QQQ (NASDAQ:TQQQ)

Innova Wealth Partners acquired a new position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 10,061 shares of the exchange traded fund’s stock, valued at approximately $796,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Silverleafe Capital Partners LLC increased its holdings in shares of ProShares UltraPro QQQ by 48.6% during the 4th quarter. Silverleafe Capital Partners LLC now owns 5,200 shares of the exchange traded fund’s stock worth $412,000 after acquiring an additional 1,700 shares during the last quarter. JPMorgan Chase & Co. boosted its position in ProShares UltraPro QQQ by 55.3% during the third quarter. JPMorgan Chase & Co. now owns 16,951 shares of the exchange traded fund’s stock worth $1,229,000 after purchasing an additional 6,039 shares during the period. Oriental Harbor Investment Fund acquired a new position in shares of ProShares UltraPro QQQ in the third quarter valued at $82,199,000. Tidal Investments LLC bought a new position in shares of ProShares UltraPro QQQ in the third quarter valued at about $11,598,000. Finally, World Investment Advisors LLC lifted its stake in shares of ProShares UltraPro QQQ by 11.8% during the 3rd quarter. World Investment Advisors LLC now owns 15,987 shares of the exchange traded fund’s stock worth $1,159,000 after buying an additional 1,684 shares during the last quarter.

ProShares UltraPro QQQ Stock Down 5.4 %

Shares of TQQQ stock opened at $80.62 on Wednesday. ProShares UltraPro QQQ has a 52 week low of $46.33 and a 52 week high of $93.79. The company has a 50-day simple moving average of $81.58 and a 200 day simple moving average of $74.11.

ProShares UltraPro QQQ Increases Dividend

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

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.