Cerity Partners LLC Sells 7,721 Shares of ProShares UltraPro QQQ (NASDAQ:TQQQ)

Cerity Partners LLC lessened its position in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 26.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 21,618 shares of the exchange traded fund's stock after selling 7,721 shares during the period. Cerity Partners LLC's holdings in ProShares UltraPro QQQ were worth $1,711,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of TQQQ. PayPay Securities Corp grew its position 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 purchasing an additional 272 shares during the period. Clear Investment Research LLC grew its holdings in shares of ProShares UltraPro QQQ by 83.3% during the fourth quarter. Clear Investment Research LLC now owns 1,054 shares of the exchange traded fund's stock valued at $83,000 after buying an additional 479 shares during the last quarter. Beacon Capital Management LLC bought a new stake in shares of ProShares UltraPro QQQ during the fourth quarter worth about $109,000. Sepio Capital LP bought a new stake in shares of ProShares UltraPro QQQ during the fourth quarter worth about $201,000. Finally, James J. Burns & Company LLC acquired a new stake in shares of ProShares UltraPro QQQ in the 4th quarter worth about $206,000.

ProShares UltraPro QQQ Stock Up 7.6 %

TQQQ stock traded up $3.20 during mid-day trading on Tuesday, reaching $45.06. 124,397,696 shares of the company traded hands, compared to its average volume of 63,616,914. The firm's 50 day moving average price is $61.90 and its 200 day moving average price is $74.08. The stock has a market cap of $18.31 billion, a price-to-earnings ratio of 17.85 and a beta of 3.45. ProShares UltraPro QQQ has a fifty-two week low of $35.00 and a fifty-two 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 dividend of $0.1977 per share. The ex-dividend date was Wednesday, March 26th. This represents a $0.79 annualized dividend and a dividend yield of 1.76%.

ProShares UltraPro QQQ Company 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.