Efficient Advisors LLC purchased a new position in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 42,232 shares of the exchange traded fund's stock, valued at approximately $2,420,000.
Other institutional investors have also modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in shares of ProShares UltraPro QQQ in the 4th quarter valued at $364,000. HighTower Advisors LLC raised its holdings in shares of ProShares UltraPro QQQ by 38.6% in the 4th quarter. HighTower Advisors LLC now owns 17,168 shares of the exchange traded fund's stock valued at $1,358,000 after purchasing an additional 4,779 shares in the last quarter. Thrivent Financial for Lutherans acquired a new stake in shares of ProShares UltraPro QQQ in the 4th quarter valued at $212,000. LPL Financial LLC raised its holdings in shares of ProShares UltraPro QQQ by 15.5% in the 4th quarter. LPL Financial LLC now owns 71,975 shares of the exchange traded fund's stock valued at $5,695,000 after purchasing an additional 9,684 shares in the last quarter. Finally, X Square Capital LLC raised its holdings in shares of ProShares UltraPro QQQ by 57.1% in the 4th quarter. X Square Capital LLC now owns 5,500 shares of the exchange traded fund's stock valued at $435,000 after purchasing an additional 2,000 shares in the last quarter.
ProShares UltraPro QQQ Price Performance
Shares of TQQQ traded up $0.50 during midday trading on Friday, reaching $88.92. The stock had a trading volume of 39,355,282 shares, compared to its average volume of 85,165,266. ProShares UltraPro QQQ has a 1-year low of $35.00 and a 1-year high of $93.79. The company's fifty day simple moving average is $77.92 and its two-hundred day simple moving average is $71.03. The company has a market cap of $28.19 billion, a price-to-earnings ratio of 38.25 and a beta of 3.45.
ProShares UltraPro QQQ Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Wednesday, June 25th were issued a $0.2183 dividend. This represents a $0.87 dividend on an annualized basis and a dividend yield of 0.98%. This is a positive change from ProShares UltraPro QQQ's previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Wednesday, June 25th.
ProShares UltraPro QQQ Profile
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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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