Alpha Wealth Funds LLC purchased a new position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 23,736 shares of the exchange traded fund's stock, valued at approximately $1,878,000. ProShares UltraPro QQQ makes up approximately 1.8% of Alpha Wealth Funds LLC's portfolio, making the stock its 11th largest position.
Several other hedge funds and other institutional investors have also recently bought and sold shares of TQQQ. SBI Securities Co. Ltd. acquired a new position in shares of ProShares UltraPro QQQ during the fourth quarter worth $9,970,000. Finward Bancorp acquired a new position in ProShares UltraPro QQQ in the 4th quarter worth $8,775,000. PPSC Investment Service Corp lifted its stake in shares of ProShares UltraPro QQQ by 17.5% in the fourth quarter. PPSC Investment Service Corp now owns 446,415 shares of the exchange traded fund's stock worth $35,325,000 after acquiring an additional 66,582 shares in the last quarter. Mariner LLC lifted its stake in shares of ProShares UltraPro QQQ by 109.9% in the fourth quarter. Mariner LLC now owns 59,818 shares of the exchange traded fund's stock worth $4,733,000 after acquiring an additional 31,319 shares in the last quarter. Finally, Ridgepath Capital Management LLC lifted its stake in shares of ProShares UltraPro QQQ by 21.0% in the fourth quarter. Ridgepath Capital Management LLC now owns 163,389 shares of the exchange traded fund's stock worth $12,929,000 after acquiring an additional 28,341 shares in the last quarter.
ProShares UltraPro QQQ Stock Performance
Shares of ProShares UltraPro QQQ stock traded down $1.37 during trading on Friday, reaching $69.00. The company had a trading volume of 93,310,203 shares, compared to its average volume of 67,898,860. The company has a market cap of $26.72 billion, a price-to-earnings ratio of 32.04 and a beta of 3.45. The firm's fifty day moving average is $57.10 and its 200-day moving average is $71.77. 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 firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 26th were issued a dividend of $0.1977 per share. The ex-dividend date was Wednesday, March 26th. This represents a $0.79 dividend on an annualized basis and a dividend yield of 1.15%.
ProShares UltraPro QQQ Company 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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