Sheaff Brock Investment Advisors LLC Increases Position in ProShares UltraPro QQQ (NASDAQ:TQQQ)

Sheaff Brock Investment Advisors LLC grew its stake in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 0.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,075 shares of the exchange traded fund’s stock after acquiring an additional 158 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in ProShares UltraPro QQQ were worth $1,890,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jane Street Group LLC grew its stake in ProShares UltraPro QQQ by 444.5% during the 1st quarter. Jane Street Group LLC now owns 10,280,259 shares of the exchange traded fund’s stock valued at $632,853,000 after purchasing an additional 8,392,312 shares during the last quarter. Flow Traders U.S. LLC raised its holdings in shares of ProShares UltraPro QQQ by 433.9% during the first quarter. Flow Traders U.S. LLC now owns 1,532,199 shares of the exchange traded fund’s stock valued at $94,322,000 after acquiring an additional 1,245,229 shares during the last quarter. IMC Chicago LLC raised its holdings in shares of ProShares UltraPro QQQ by 1,145.4% during the third quarter. IMC Chicago LLC now owns 560,847 shares of the exchange traded fund’s stock valued at $40,656,000 after acquiring an additional 515,815 shares during the last quarter. International Assets Investment Management LLC grew its position in shares of ProShares UltraPro QQQ by 14,257.8% in the third quarter. International Assets Investment Management LLC now owns 287,155 shares of the exchange traded fund’s stock valued at $20,816,000 after purchasing an additional 285,155 shares in the last quarter. Finally, PPSC Investment Service Corp purchased a new stake in shares of ProShares UltraPro QQQ in the second quarter valued at approximately $12,662,000.

ProShares UltraPro QQQ Stock Performance

NASDAQ:TQQQ opened at $77.75 on Friday. ProShares UltraPro QQQ has a 52 week low of $41.73 and a 52 week high of $85.20. The stock’s fifty day moving average is $72.27 and its two-hundred day moving average is $69.15.

ProShares UltraPro QQQ Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Wednesday, September 25th were issued a dividend of $0.2302 per share. This is a positive change from ProShares UltraPro QQQ’s previous dividend of $0.22. The ex-dividend date was Wednesday, September 25th.

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.