Beacon Capital Management LLC Buys Shares of 1,373 ProShares UltraPro QQQ (NASDAQ:TQQQ)

Beacon Capital Management LLC purchased a new position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,373 shares of the exchange traded fund’s stock, valued at approximately $109,000.

Several other hedge funds have also recently modified their holdings of TQQQ. RPg Family Wealth Advisory LLC purchased a new position in ProShares UltraPro QQQ during the 3rd quarter worth $32,000. PayPay Securities Corp increased its stake in shares of ProShares UltraPro QQQ by 119.3% during the fourth quarter. PayPay Securities Corp now owns 500 shares of the exchange traded fund’s stock worth $40,000 after acquiring an additional 272 shares during the period. Signaturefd LLC raised its holdings in ProShares UltraPro QQQ by 153.8% during the third quarter. Signaturefd LLC now owns 1,081 shares of the exchange traded fund’s stock worth $78,000 after purchasing an additional 655 shares in the last quarter. Farther Finance Advisors LLC lifted its position in ProShares UltraPro QQQ by 235.7% in the third quarter. Farther Finance Advisors LLC now owns 1,541 shares of the exchange traded fund’s stock valued at $112,000 after purchasing an additional 1,082 shares during the period. Finally, James J. Burns & Company LLC purchased a new stake in ProShares UltraPro QQQ in the 4th quarter valued at approximately $206,000.

ProShares UltraPro QQQ Trading Up 1.2 %

NASDAQ TQQQ opened at $89.83 on Friday. The business’s 50 day moving average is $83.90 and its two-hundred day moving average is $75.72. ProShares UltraPro QQQ has a 12-month low of $48.80 and a 12-month high of $93.79.

ProShares UltraPro QQQ Increases Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given a $0.2754 dividend. This is a boost from ProShares UltraPro QQQ’s previous dividend of $0.23. The ex-dividend date of this dividend was Monday, December 23rd.

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.