Tudor Investment Corp ET AL purchased a new position in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 6,125 shares of the exchange traded fund's stock, valued at approximately $485,000.
A number of other hedge funds and other institutional investors also recently bought and sold shares of TQQQ. JPMorgan Chase & Co. boosted its holdings in ProShares UltraPro QQQ by 55.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 16,951 shares of the exchange traded fund's stock valued at $1,229,000 after purchasing an additional 6,039 shares during the last quarter. HBW Advisory Services LLC purchased a new stake in ProShares UltraPro QQQ during the 4th quarter worth approximately $244,000. Brookstone Capital Management increased its stake in ProShares UltraPro QQQ by 86.1% during the 4th quarter. Brookstone Capital Management now owns 11,258 shares of the exchange traded fund's stock worth $891,000 after buying an additional 5,209 shares during the period. BCS Wealth Management purchased a new stake in shares of ProShares UltraPro QQQ in the 4th quarter valued at approximately $236,000. Finally, Dale Q Rice Investment Management Ltd purchased a new position in shares of ProShares UltraPro QQQ in the 4th quarter valued at about $638,000.
ProShares UltraPro QQQ Trading Up 1.5%
Shares of NASDAQ TQQQ traded up $1.03 during mid-day trading on Wednesday, reaching $70.17. The company had a trading volume of 48,447,361 shares, compared to its average volume of 65,996,120. The firm has a 50 day simple moving average of $55.22 and a two-hundred day simple moving average of $72.37. The stock has a market cap of $27.17 billion, a P/E ratio of 27.46 and a beta of 3.45. ProShares UltraPro QQQ has a 52-week low of $35.00 and a 52-week high of $93.79.
ProShares UltraPro QQQ Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Wednesday, March 26th were given a $0.1977 dividend. This represents a $0.79 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend was Wednesday, March 26th.
ProShares UltraPro QQQ Profile
(
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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