Paragon Advisors LLC Has $53.76 Million Stock Holdings in ProShares UltraPro QQQ (NASDAQ:TQQQ)

Paragon Advisors LLC lifted its position in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 22.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 741,671 shares of the exchange traded fund’s stock after purchasing an additional 138,343 shares during the period. ProShares UltraPro QQQ comprises approximately 17.5% of Paragon Advisors LLC’s portfolio, making the stock its biggest holding. Paragon Advisors LLC owned about 0.23% of ProShares UltraPro QQQ worth $53,764,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. SG Americas Securities LLC purchased a new position in shares of ProShares UltraPro QQQ in the first quarter valued at about $560,000. Edgestream Partners L.P. lifted its holdings in ProShares UltraPro QQQ by 67.7% in the 1st quarter. Edgestream Partners L.P. now owns 125,900 shares of the exchange traded fund’s stock worth $7,750,000 after buying an additional 50,814 shares during the period. Safeguard Investment Advisory Group LLC bought a new stake in shares of ProShares UltraPro QQQ in the 1st quarter worth approximately $254,000. Lake Street Advisors Group LLC bought a new position in shares of ProShares UltraPro QQQ during the first quarter valued at approximately $251,000. Finally, CreativeOne Wealth LLC lifted its stake in ProShares UltraPro QQQ by 144.9% in the first quarter. CreativeOne Wealth LLC now owns 16,848 shares of the exchange traded fund’s stock worth $1,037,000 after acquiring an additional 9,969 shares during the period.

ProShares UltraPro QQQ Price Performance

Shares of ProShares UltraPro QQQ stock opened at $74.27 on Friday. ProShares UltraPro QQQ has a 12-month low of $41.73 and a 12-month high of $85.20. The company’s fifty day simple moving average is $72.62 and its two-hundred day simple moving average is $69.27.

ProShares UltraPro QQQ Increases Dividend

The business also recently declared a dividend, which was paid on Wednesday, October 2nd. Investors of record on Wednesday, September 25th were given a dividend of $0.2302 per share. The ex-dividend date 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.