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

Sheaff Brock Investment Advisors LLC bought a new position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 26,095 shares of the exchange traded fund's stock, valued at approximately $1,323,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Sandy Spring Bank grew its holdings in shares of ProShares UltraPro QQQ by 1,113.0% in the 4th quarter. Sandy Spring Bank now owns 558 shares of the exchange traded fund's stock worth $28,000 after acquiring an additional 512 shares during the period. Signature Resources Capital Management LLC acquired a new stake in shares of ProShares UltraPro QQQ in the 4th quarter worth approximately $29,000. Hazlett Burt & Watson Inc. acquired a new stake in shares of ProShares UltraPro QQQ in the 4th quarter worth approximately $51,000. ORG Partners LLC grew its holdings in ProShares UltraPro QQQ by 20,591.7% during the 3rd quarter. ORG Partners LLC now owns 2,483 shares of the exchange traded fund's stock valued at $88,000 after buying an additional 2,471 shares during the last quarter. Finally, Turtle Creek Wealth Advisors LLC acquired a new stake in ProShares UltraPro QQQ during the 4th quarter valued at $116,000.

ProShares UltraPro QQQ Trading Down 0.2 %

Shares of ProShares UltraPro QQQ stock traded down $0.14 during trading hours on Friday, reaching $62.94. 35,049,847 shares of the company's stock were exchanged, compared to its average volume of 70,929,375. ProShares UltraPro QQQ has a 52-week low of $29.77 and a 52-week high of $64.20. The company has a fifty day moving average of $58.43 and a 200-day moving average of $53.27.

ProShares UltraPro QQQ Announces Dividend

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

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.

Featured Stories

• Five stocks we like better than ProShares UltraPro QQQ
• The 3 Best Fintech Stocks to Buy Now
• MarketBeat Week in Review – 5/13 - 5/17
• How Investors Can Find the Best Cheap Dividend Stocks
• Take-Two Interactive Software Offers 2nd Chance for Investors
• Investing In Automotive Stocks
• Deere & Company’s Q2 Report: Strong Revenue, Cautious Outlook

Want to see what other hedge funds are holding TQQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

→ Breaking News: Elon Musk Invents New Type of A.I. (Shocking) (From InvestorPlace) (Ad)

Should you invest $1,000 in ProShares UltraPro QQQ right now?

Before you consider ProShares UltraPro QQQ, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ProShares UltraPro QQQ wasn't on the list.

While ProShares UltraPro QQQ currently has a "hold" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here