DRW Securities LLC purchased a new position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 9,900 shares of the exchange traded fund's stock, valued at approximately $783,000.
Other large investors also recently modified their holdings of the company. HighTower Advisors LLC boosted its stake in shares of ProShares UltraPro QQQ by 121.2% in the 3rd quarter. HighTower Advisors LLC now owns 12,389 shares of the exchange traded fund's stock valued at $896,000 after purchasing an additional 6,788 shares in the last quarter. Discipline Wealth Solutions LLC bought a new stake in shares of ProShares UltraPro QQQ during the third quarter worth $1,698,000. World Investment Advisors LLC increased its holdings in shares of ProShares UltraPro QQQ by 11.8% during the third quarter. World Investment Advisors LLC now owns 15,987 shares of the exchange traded fund's stock worth $1,159,000 after buying an additional 1,684 shares in the last quarter. Tidal Investments LLC bought a new position in shares of ProShares UltraPro QQQ in the 3rd quarter valued at $11,598,000. Finally, Oriental Harbor Investment Fund bought a new stake in ProShares UltraPro QQQ during the 3rd quarter worth $82,199,000.
ProShares UltraPro QQQ Stock Up 0.8 %
Shares of TQQQ stock traded up $0.42 during mid-day trading on Tuesday, reaching $50.02. 69,770,880 shares of the stock traded hands, compared to its average volume of 63,269,393. The stock's fifty day simple moving average is $66.73 and its two-hundred day simple moving average is $75.16. ProShares UltraPro QQQ has a 1-year low of $35.00 and a 1-year high of $93.79. The company has a market cap of $20.48 billion, a price-to-earnings ratio of 17.85 and a beta of 3.45.
ProShares UltraPro QQQ Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 26th were paid a $0.1977 dividend. The ex-dividend date was Wednesday, March 26th. This represents a $0.79 annualized dividend and a dividend yield of 1.58%.
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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