Silicon Valley Capital Partners Sells 397 Shares of ProShares UltraPro QQQ (NASDAQ:TQQQ)

Silicon Valley Capital Partners cut its stake in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 44.1% in the fourth quarter, HoldingsChannel reports. The fund owned 503 shares of the exchange traded fund’s stock after selling 397 shares during the period. Silicon Valley Capital Partners’ holdings in ProShares UltraPro QQQ were worth $40,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of TQQQ. RPg Family Wealth Advisory LLC bought a new position in shares of ProShares UltraPro QQQ in the third quarter worth about $32,000. Signaturefd LLC grew its position in shares of ProShares UltraPro QQQ by 153.8% during the 3rd quarter. Signaturefd LLC now owns 1,081 shares of the exchange traded fund’s stock worth $78,000 after buying an additional 655 shares during the period. Farther Finance Advisors LLC grew its position in shares of ProShares UltraPro QQQ by 235.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,541 shares of the exchange traded fund’s stock worth $112,000 after buying an additional 1,082 shares during the period. James J. Burns & Company LLC acquired a new stake in shares of ProShares UltraPro QQQ during the 4th quarter worth approximately $206,000. Finally, Carnegie Investment Counsel acquired a new stake in shares of ProShares UltraPro QQQ during the 4th quarter worth approximately $214,000.

ProShares UltraPro QQQ Trading Down 3.8 %

Shares of NASDAQ:TQQQ opened at $82.73 on Monday. ProShares UltraPro QQQ has a one year low of $48.80 and a one year high of $93.79. The company has a 50 day moving average of $83.72 and a 200-day moving average of $75.00.

ProShares UltraPro QQQ Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were given a dividend of $0.2754 per share. 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 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.