Schwallier Wealth Management LLC Acquires Shares of 5,000 ProShares UltraPro QQQ (NASDAQ:TQQQ)

Schwallier Wealth Management LLC bought a new position in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 5,000 shares of the exchange traded fund's stock, valued at approximately $396,000. ProShares UltraPro QQQ accounts for approximately 0.3% of Schwallier Wealth Management LLC's investment portfolio, making the stock its 25th biggest holding.

Other hedge funds have also added to or reduced their stakes in the company. Oriental Harbor Investment Fund bought a new position in shares of ProShares UltraPro QQQ during the third quarter valued at approximately $82,199,000. Tidal Investments LLC purchased a new stake in shares of ProShares UltraPro QQQ in the 3rd quarter worth about $11,598,000. SBI Securities Co. Ltd. bought a new stake in shares of ProShares UltraPro QQQ during the 4th quarter valued at about $9,970,000. Finward Bancorp purchased a new position in shares of ProShares UltraPro QQQ during the fourth quarter valued at about $8,775,000. Finally, PPSC Investment Service Corp raised its stake in ProShares UltraPro QQQ by 17.5% in the fourth quarter. PPSC Investment Service Corp now owns 446,415 shares of the exchange traded fund's stock worth $35,325,000 after buying an additional 66,582 shares in the last quarter.

ProShares UltraPro QQQ Trading Up 4.7 %

ProShares UltraPro QQQ stock traded up $2.66 during trading hours on Friday, hitting $59.43. 97,199,136 shares of the stock traded hands, compared to its average volume of 64,845,380. ProShares UltraPro QQQ has a one year low of $35.00 and a one year high of $93.79. The firm's 50-day moving average price is $56.75 and its two-hundred day moving average price is $73.01. The company has a market cap of $23.01 billion, a PE ratio of 27.46 and a beta of 3.45.

ProShares UltraPro QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors 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 1.33%.

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.