Redhawk Wealth Advisors Inc. bought a new stake in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 4,000 shares of the exchange traded fund’s stock, valued at approximately $285,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in TQQQ. Tower Research Capital LLC TRC grew its position in ProShares UltraPro QQQ by 203.2% in the 3rd quarter. Tower Research Capital LLC TRC now owns 140,608 shares of the exchange traded fund’s stock worth $10,003,000 after purchasing an additional 94,227 shares during the period. Simplex Trading LLC grew its position in shares of ProShares UltraPro QQQ by 115.6% during the 3rd quarter. Simplex Trading LLC now owns 114,913 shares of the exchange traded fund’s stock valued at $8,174,000 after acquiring an additional 61,617 shares during the period. F3Logic LLC bought a new position in ProShares UltraPro QQQ in the 3rd quarter worth $3,585,000. SP Asset Management bought a new position in ProShares UltraPro QQQ in the 2nd quarter worth $2,569,000. Finally, Miller Value Partners LLC lifted its stake in ProShares UltraPro QQQ by 313.8% in the 2nd quarter. Miller Value Partners LLC now owns 42,000 shares of the exchange traded fund’s stock worth $2,399,000 after purchasing an additional 31,850 shares in the last quarter.
Shares of NASDAQ TQQQ traded up $0.40 during mid-day trading on Thursday, hitting $41.99. 21,794,619 shares of the company’s stock traded hands, compared to its average volume of 29,505,717. ProShares UltraPro QQQ has a 1 year low of $30.32 and a 1 year high of $73.36.
The firm also recently announced a quarterly dividend, which was paid on Thursday, January 3rd. Investors of record on Thursday, December 27th were issued a dividend of $0.0408 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.39%. The ex-dividend date of this dividend was Wednesday, December 26th. This is a boost from ProShares UltraPro QQQ’s previous quarterly dividend of $0.00.
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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.
See Also: SEC Filing
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