Lifestyle Asset Management Inc. Sells 509 Shares of ProShares UltraPro QQQ (NASDAQ:TQQQ)

Lifestyle Asset Management Inc. trimmed its stake in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 16.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,643 shares of the exchange traded fund’s stock after selling 509 shares during the period. Lifestyle Asset Management Inc.’s holdings in ProShares UltraPro QQQ were worth $209,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in TQQQ. Koshinski Asset Management Inc. grew its stake in ProShares UltraPro QQQ by 125.5% in the fourth quarter. Koshinski Asset Management Inc. now owns 15,026 shares of the exchange traded fund’s stock worth $1,189,000 after purchasing an additional 8,364 shares in the last quarter. Hanseatic Management Services Inc. increased its stake in shares of ProShares UltraPro QQQ by 2.9% during the fourth quarter. Hanseatic Management Services Inc. now owns 4,656 shares of the exchange traded fund’s stock valued at $368,000 after buying an additional 132 shares during the period. Merit Financial Group LLC bought a new stake in shares of ProShares UltraPro QQQ in the fourth quarter valued at about $338,000. Goldstone Financial Group LLC purchased a new stake in ProShares UltraPro QQQ in the fourth quarter worth about $248,000. Finally, Greenhouse Wealth Management LLC purchased a new stake in ProShares UltraPro QQQ in the fourth quarter worth about $1,221,000.

ProShares UltraPro QQQ Price Performance

NASDAQ TQQQ opened at $88.34 on Friday. The company’s 50-day simple moving average is $82.53 and its two-hundred day simple moving average is $74.58. ProShares UltraPro QQQ has a one year low of $48.80 and a one year high of $93.79.

ProShares UltraPro QQQ Increases Dividend

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

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.