Socha Financial Group LLC Sells 8,998 Shares of ProShares UltraPro QQQ (NASDAQ:TQQQ)

Socha Financial Group LLC reduced its stake in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) by 45.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 10,753 shares of the exchange traded fund’s stock after selling 8,998 shares during the period. ProShares UltraPro QQQ comprises about 0.3% of Socha Financial Group LLC’s investment portfolio, making the stock its 16th largest holding. Socha Financial Group LLC’s holdings in ProShares UltraPro QQQ were worth $545,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. GUNN & Co INVESTMENT MANAGEMENT INC. bought a new stake in ProShares UltraPro QQQ during the 4th quarter worth approximately $691,000. Signaturefd LLC lifted its stake in ProShares UltraPro QQQ by 9.6% in the fourth quarter. Signaturefd LLC now owns 4,798 shares of the exchange traded fund’s stock valued at $243,000 after purchasing an additional 422 shares during the last quarter. TRUE Private Wealth Advisors lifted its stake in ProShares UltraPro QQQ by 16.4% in the fourth quarter. TRUE Private Wealth Advisors now owns 9,752 shares of the exchange traded fund’s stock valued at $494,000 after purchasing an additional 1,376 shares during the last quarter. Howard Capital Management Inc. purchased a new position in ProShares UltraPro QQQ in the fourth quarter valued at approximately $17,511,000. Finally, Lauer Wealth LLC bought a new stake in ProShares UltraPro QQQ during the 4th quarter valued at $242,000.

ProShares UltraPro QQQ Trading Up 4.5 %

TQQQ stock traded up $2.27 during midday trading on Tuesday, reaching $53.19. 75,363,975 shares of the company’s stock traded hands, compared to its average volume of 74,197,438. ProShares UltraPro QQQ has a 52 week low of $25.17 and a 52 week high of $64.13. The company has a 50-day moving average price of $59.19 and a two-hundred day moving average price of $50.50.

ProShares UltraPro QQQ Announces Dividend

The company also recently announced a dividend, which was paid on Wednesday, March 27th. Investors of record on Thursday, March 21st were paid a $0.2151 dividend. The ex-dividend date of this dividend was Wednesday, March 20th.

About ProShares UltraPro QQQ

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.