Hollencrest Capital Management Sells 3,446 Shares of ProShares UltraPro QQQ (NASDAQ:TQQQ)

Hollencrest Capital Management reduced its position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) by 51.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,250 shares of the exchange traded fund’s stock after selling 3,446 shares during the period. Hollencrest Capital Management’s holdings in ProShares UltraPro QQQ were worth $257,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Oriental Harbor Investment Fund bought a new stake in shares of ProShares UltraPro QQQ during the third quarter worth about $82,199,000. Paragon Advisors LLC grew its holdings in shares of ProShares UltraPro QQQ by 22.9% during the third quarter. Paragon Advisors LLC now owns 741,671 shares of the exchange traded fund’s stock worth $53,764,000 after purchasing an additional 138,343 shares during the last quarter. PPSC Investment Service Corp grew its holdings in shares of ProShares UltraPro QQQ by 17.5% during the fourth quarter. PPSC Investment Service Corp now owns 446,415 shares of the exchange traded fund’s stock worth $35,325,000 after purchasing an additional 66,582 shares during the last quarter. BNP Paribas Financial Markets bought a new stake in shares of ProShares UltraPro QQQ during the third quarter worth about $21,747,000. Finally, Ridgepath Capital Management LLC grew its holdings in shares of ProShares UltraPro QQQ by 21.0% during the fourth quarter. Ridgepath Capital Management LLC now owns 163,389 shares of the exchange traded fund’s stock worth $12,929,000 after purchasing an additional 28,341 shares during the last quarter.

ProShares UltraPro QQQ Trading Up 3.4 %

NASDAQ:TQQQ opened at $61.13 on Thursday. The stock’s 50-day moving average is $80.09 and its 200-day moving average is $77.17. ProShares UltraPro QQQ has a 1-year low of $48.80 and a 1-year high of $93.79. The stock has a market cap of $18.77 billion, a P/E ratio of 30.83 and a beta of 3.45.

ProShares UltraPro QQQ Increases Dividend

The business also recently announced 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 a boost from ProShares UltraPro QQQ’s previous dividend of $0.23.

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.