Larson Financial Group LLC Decreases Stake in ProShares UltraPro QQQ

Larson Financial Group LLC has significantly reduced its investment in ProShares UltraPro QQQ (NASDAQ:TQQQ) by an impressive 93.4% during the fourth quarter. This information was disclosed in the company’s latest 13F filing with the Securities and Exchange Commission (SEC). After selling 24,585 shares during the reporting period, the institutional investor now holds just 1,751 shares of this exchange-traded fund (ETF) stock, valued at approximately $139,000 at the close of the latest reporting period.

Several other major investors have also made recent adjustments to their positions in ProShares UltraPro QQQ. For instance, SVB Wealth LLC acquired a new investment in the fund worth around $791,000 in the fourth quarter. Similarly, Chung Wu Investment Group LLC made a new purchase valued at about $983,000 and Drive Wealth Management LLC invested approximately $1,108,000 in the same period. Notably, in the previous third quarter, Oriental Harbor Investment Fund had purchased a significant position worth around $82,199,000. HighTower Advisors LLC also increased its holdings in ProShares UltraPro QQQ by 121.2% during the third quarter, now owning 12,389 shares valued at $896,000 after acquiring an additional 6,788 shares recently.

Current Trading and Market Performance

As of Wednesday, NASDAQ TQQQ opened at $59.11. The stock is currently experiencing a decline of 1.2%. The 50-day moving average is $80.45 while the 200-day moving average stands at $77.28. This ETF has seen a 12-month low of $48.80 and a 12-month high of $93.79, with a market capitalization of $18.15 billion, a PE ratio of 30.83, and a beta of 3.45.

Recent Dividend Declaration

Recently, ProShares UltraPro QQQ announced a dividend which was paid out on December 31st. Shareholders on record as of December 23rd received a dividend of $0.2754 per share, which represents an increase from the previous dividend of $0.23.

About ProShares UltraPro QQQ

ProShares UltraPro QQQ ETF aims to achieve daily investment returns that correspond to three times (300%) the daily performance of the NASDAQ-100 Index, before fees and expenses. The fund invests in a combination of equity securities, derivatives such as futures contracts, swap agreements, and various money market instruments.

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