KG&L Capital Management LLC bought a new position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 18,864 shares of the exchange traded fund's stock, valued at approximately $1,081,000.
A number of other large investors have also recently made changes to their positions in TQQQ. TB Alternative Assets Ltd. bought a new stake in shares of ProShares UltraPro QQQ during the first quarter valued at about $26,495,000. Paragon Advisors LLC grew its stake in ProShares UltraPro QQQ by 81.2% during the first quarter. Paragon Advisors LLC now owns 323,011 shares of the exchange traded fund's stock valued at $18,509,000 after acquiring an additional 144,755 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in ProShares UltraPro QQQ during the fourth quarter valued at approximately $9,970,000. Finward Bancorp bought a new stake in ProShares UltraPro QQQ during the 4th quarter worth approximately $8,775,000. Finally, Charles Schwab Trust Co purchased a new stake in ProShares UltraPro QQQ in the 1st quarter worth approximately $4,768,000.
ProShares UltraPro QQQ Price Performance
NASDAQ:TQQQ traded up $2.15 during trading hours on Thursday, hitting $80.63. The stock had a trading volume of 49,282,538 shares, compared to its average volume of 69,527,155. The company has a 50 day simple moving average of $65.61 and a two-hundred day simple moving average of $71.06. The firm has a market capitalization of $31.22 billion, a price-to-earnings ratio of 38.25 and a beta of 3.45. ProShares UltraPro QQQ has a one year low of $35.00 and a one year high of $93.79.
ProShares UltraPro QQQ Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Wednesday, June 25th will be given a $0.2183 dividend. This represents a $0.87 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date is Wednesday, June 25th. This is an increase from ProShares UltraPro QQQ's previous quarterly dividend of $0.20.
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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