Traynor Capital Management Inc. Makes New $320,000 Investment in ProShares UltraPro QQQ (NASDAQ:TQQQ)

Traynor Capital Management Inc. acquired a new stake in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,416 shares of the exchange traded fund’s stock, valued at approximately $320,000.

A number of other hedge funds have also recently modified their holdings of the business. Turim 21 Investimentos Ltda. increased its stake in shares of ProShares UltraPro QQQ by 98.5% in the 2nd quarter. Turim 21 Investimentos Ltda. now owns 665 shares of the exchange traded fund’s stock worth $49,000 after acquiring an additional 330 shares in the last quarter. Hantz Financial Services Inc. purchased a new position in shares of ProShares UltraPro QQQ during the second quarter valued at approximately $68,000. Signaturefd LLC lifted its holdings in shares of ProShares UltraPro QQQ by 153.8% during the third quarter. Signaturefd LLC now owns 1,081 shares of the exchange traded fund’s stock valued at $78,000 after purchasing an additional 655 shares during the last quarter. Fairfield Financial Advisors LTD bought a new stake in shares of ProShares UltraPro QQQ in the 2nd quarter worth approximately $117,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of ProShares UltraPro QQQ in the 2nd quarter worth approximately $148,000.

ProShares UltraPro QQQ Trading Up 2.8 %

Shares of NASDAQ:TQQQ opened at $76.88 on Wednesday. The stock has a fifty day simple moving average of $69.78 and a two-hundred day simple moving average of $67.33. ProShares UltraPro QQQ has a 12-month low of $31.58 and a 12-month high of $85.20.

ProShares UltraPro QQQ Increases Dividend

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

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.