Finward Bancorp Takes Position in ProShares UltraPro QQQ (NASDAQ:TQQQ)

Finward Bancorp acquired a new stake in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 110,892 shares of the exchange traded fund's stock, valued at approximately $8,775,000. ProShares UltraPro QQQ makes up about 7.6% of Finward Bancorp's portfolio, making the stock its largest position.

A number of other hedge funds have also made changes to their positions in the stock. XTX Topco Ltd acquired a new stake in shares of ProShares UltraPro QQQ in the fourth quarter valued at $362,000. Belpointe Asset Management LLC grew its stake in shares of ProShares UltraPro QQQ by 57.3% in the 4th quarter. Belpointe Asset Management LLC now owns 10,960 shares of the exchange traded fund's stock worth $867,000 after purchasing an additional 3,994 shares during the last quarter. CreativeOne Wealth LLC lifted its stake in ProShares UltraPro QQQ by 11.5% during the fourth quarter. CreativeOne Wealth LLC now owns 22,134 shares of the exchange traded fund's stock valued at $1,751,000 after purchasing an additional 2,281 shares during the last quarter. Mariner LLC grew its position in ProShares UltraPro QQQ by 109.9% in the fourth quarter. Mariner LLC now owns 59,818 shares of the exchange traded fund's stock worth $4,733,000 after buying an additional 31,319 shares during the last quarter. Finally, Synovus Financial Corp bought a new position in shares of ProShares UltraPro QQQ in the fourth quarter valued at $348,000.

ProShares UltraPro QQQ Stock Down 0.4 %

Shares of TQQQ traded down $0.20 during mid-day trading on Friday, reaching $45.09. The company's stock had a trading volume of 100,709,484 shares, compared to its average volume of 63,175,300. The company has a market cap of $18.59 billion, a price-to-earnings ratio of 17.85 and a beta of 3.45. ProShares UltraPro QQQ has a 1 year low of $35.00 and a 1 year high of $93.79. The business has a fifty day moving average of $63.64 and a 200 day moving average of $74.46.

ProShares UltraPro QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 26th were paid a $0.1977 dividend. The ex-dividend date of this dividend was Wednesday, March 26th. This represents a $0.79 annualized dividend and a yield of 1.75%.

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.