Schwallier Wealth Management LLC Takes Position in ProShares UltraPro QQQ (NASDAQ:TQQQ)

Schwallier Wealth Management LLC bought a new stake in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (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 holdings, making the stock its 25th largest position.

A number of other institutional investors have also added to or reduced their stakes in TQQQ. SVB Wealth LLC bought a new stake in ProShares UltraPro QQQ in the fourth quarter valued at $791,000. Chung Wu Investment Group LLC acquired a new stake in shares of ProShares UltraPro QQQ during the 4th quarter worth about $983,000. LPL Financial LLC lifted its holdings in ProShares UltraPro QQQ by 15.5% during the 4th quarter. LPL Financial LLC now owns 71,975 shares of the exchange traded fund's stock valued at $5,695,000 after purchasing an additional 9,684 shares during the last quarter. Drive Wealth Management LLC acquired a new position in ProShares UltraPro QQQ in the fourth quarter valued at about $1,108,000. Finally, Oriental Harbor Investment Fund bought a new stake in ProShares UltraPro QQQ during the third quarter worth about $82,199,000.

ProShares UltraPro QQQ Price Performance

Shares of TQQQ traded up $2.66 on Friday, hitting $59.43. The company's stock had a trading volume of 97,199,136 shares, compared to its average volume of 64,887,670. The company has a 50 day moving average price of $57.11 and a 200 day moving average price of $73.11. ProShares UltraPro QQQ has a fifty-two week low of $35.00 and a fifty-two week high of $93.79. The company has a market capitalization of $23.01 billion, a PE ratio of 27.46 and a beta of 3.45.

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 given a $0.1977 dividend. This represents a $0.79 annualized dividend and a yield of 1.33%. The ex-dividend date was Wednesday, March 26th.

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.