Envestnet Asset Management Inc. acquired a new stake in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 4,935 shares of the exchange traded fund's stock, valued at approximately $390,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. PayPay Securities Corp increased its holdings in ProShares UltraPro QQQ by 119.3% in the 4th quarter. PayPay Securities Corp now owns 500 shares of the exchange traded fund's stock valued at $40,000 after acquiring an additional 272 shares during the last quarter. Clear Investment Research LLC increased its holdings in ProShares UltraPro QQQ by 83.3% in the 4th quarter. Clear Investment Research LLC now owns 1,054 shares of the exchange traded fund's stock valued at $83,000 after acquiring an additional 479 shares during the last quarter. Beacon Capital Management LLC purchased a new stake in shares of ProShares UltraPro QQQ in the fourth quarter worth about $109,000. James J. Burns & Company LLC purchased a new stake in shares of ProShares UltraPro QQQ in the fourth quarter worth about $206,000. Finally, Thrivent Financial for Lutherans purchased a new stake in shares of ProShares UltraPro QQQ in the fourth quarter worth about $212,000.
ProShares UltraPro QQQ Trading Down 0.2%
Shares of NASDAQ:TQQQ traded down $0.12 during mid-day trading on Friday, reaching $58.99. The stock had a trading volume of 73,069,770 shares, compared to its average volume of 65,708,141. The company has a market cap of $22.84 billion, a P/E ratio of 27.46 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's 50 day moving average price is $55.28 and its 200 day moving average price is $72.46.
ProShares UltraPro QQQ Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 26th were given a dividend of $0.1977 per share. The ex-dividend date was Wednesday, March 26th. This represents a $0.79 dividend on an annualized basis and a dividend yield of 1.34%.
About ProShares UltraPro QQQ
(
Free Report)
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.
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