Foundations Investment Advisors LLC Increases Stake in ProShares UltraPro QQQ (NASDAQ:TQQQ)

Foundations Investment Advisors LLC boosted its stake in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) by 36.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,692 shares of the exchange traded fund’s stock after acquiring an additional 3,642 shares during the quarter. Foundations Investment Advisors LLC’s holdings in ProShares UltraPro QQQ were worth $993,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. GFG Capital LLC raised its position in ProShares UltraPro QQQ by 102.4% during the third quarter. GFG Capital LLC now owns 7,411 shares of the exchange traded fund’s stock valued at $537,000 after acquiring an additional 3,750 shares in the last quarter. Castleview Partners LLC raised its position in ProShares UltraPro QQQ by 719.7% during the third quarter. Castleview Partners LLC now owns 18,254 shares of the exchange traded fund’s stock valued at $1,323,000 after acquiring an additional 16,027 shares in the last quarter. Wealth Alliance Advisory Group LLC raised its position in ProShares UltraPro QQQ by 68.0% during the third quarter. Wealth Alliance Advisory Group LLC now owns 9,002 shares of the exchange traded fund’s stock valued at $653,000 after acquiring an additional 3,643 shares in the last quarter. Capital Investment Advisors LLC increased its position in shares of ProShares UltraPro QQQ by 0.4% in the third quarter. Capital Investment Advisors LLC now owns 44,082 shares of the exchange traded fund’s stock valued at $3,196,000 after buying an additional 178 shares in the last quarter. Finally, Physician Wealth Advisors Inc. increased its position in shares of ProShares UltraPro QQQ by 1.9% in the third quarter. Physician Wealth Advisors Inc. now owns 7,723 shares of the exchange traded fund’s stock valued at $565,000 after buying an additional 143 shares in the last quarter.

ProShares UltraPro QQQ Stock Performance

ProShares UltraPro QQQ stock opened at $71.79 on Thursday. ProShares UltraPro QQQ has a 12 month low of $30.47 and a 12 month high of $85.20. The business has a 50 day simple moving average of $69.36 and a 200-day simple moving average of $66.86.

ProShares UltraPro QQQ Increases Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Wednesday, September 25th were given a $0.2302 dividend. The ex-dividend date of this dividend was Wednesday, September 25th. This is a boost from ProShares UltraPro QQQ’s previous dividend of $0.22.

ProShares UltraPro QQQ Company 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.