KG&L Capital Management LLC bought a new position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 18,864 shares of the exchange traded fund's stock, valued at approximately $1,081,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Cary Street Partners Financial LLC bought a new position in ProShares UltraPro QQQ during the fourth quarter worth $47,000. Clear Investment Research LLC increased its position in 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 worth $83,000 after acquiring an additional 479 shares during the period. Wolff Wiese Magana LLC bought a new position in ProShares UltraPro QQQ during the first quarter worth $94,000. Beacon Capital Management LLC increased its position in ProShares UltraPro QQQ by 32.8% during the first quarter. Beacon Capital Management LLC now owns 1,823 shares of the exchange traded fund's stock worth $104,000 after acquiring an additional 450 shares during the period. Finally, Canton Hathaway LLC bought a new position in ProShares UltraPro QQQ during the first quarter worth $118,000.
ProShares UltraPro QQQ Price Performance
TQQQ stock traded up $0.79 on Friday, reaching $81.42. 72,766,712 shares of the company were exchanged, compared to its average volume of 69,869,041. The firm has a market capitalization of $27.09 billion, a PE ratio of 38.25 and a beta of 3.54. The stock's fifty day moving average price is $67.05 and its 200 day moving average price is $70.76. ProShares UltraPro QQQ has a 12 month low of $35.00 and a 12 month high of $93.79.
ProShares UltraPro QQQ Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Wednesday, June 25th will be issued a $0.2183 dividend. This represents a $0.87 annualized dividend and a yield of 1.07%. The ex-dividend date is Wednesday, June 25th. This is a positive change 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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