Avidian Wealth Enterprises LLC raised its holdings in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 103.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 366,450 shares of the exchange traded fund's stock after purchasing an additional 186,716 shares during the period. ProShares UltraPro QQQ comprises about 0.9% of Avidian Wealth Enterprises LLC's portfolio, making the stock its 24th largest holding. Avidian Wealth Enterprises LLC owned approximately 0.09% of ProShares UltraPro QQQ worth $20,998,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. PPSC Investment Service Corp increased its position in ProShares UltraPro QQQ by 16.3% in the first quarter. PPSC Investment Service Corp now owns 519,345 shares of the exchange traded fund's stock worth $29,758,000 after buying an additional 72,930 shares during the period. TB Alternative Assets Ltd. acquired a new position in shares of ProShares UltraPro QQQ during the first quarter worth approximately $26,495,000. Paragon Advisors LLC grew its holdings in ProShares UltraPro QQQ by 81.2% in the 1st quarter. Paragon Advisors LLC now owns 323,011 shares of the exchange traded fund's stock worth $18,509,000 after buying an additional 144,755 shares in the last quarter. Orion Portfolio Solutions LLC increased its position in ProShares UltraPro QQQ by 7.0% in the 4th quarter. Orion Portfolio Solutions LLC now owns 157,596 shares of the exchange traded fund's stock valued at $12,471,000 after acquiring an additional 10,284 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new stake in ProShares UltraPro QQQ in the 4th quarter valued at approximately $9,970,000.
ProShares UltraPro QQQ Stock Performance
Shares of NASDAQ:TQQQ traded up $1.61 on Wednesday, hitting $82.50. The company's stock had a trading volume of 49,635,489 shares, compared to its average volume of 89,134,945. The company has a market capitalization of $27.45 billion, a price-to-earnings ratio of 38.25 and a beta of 3.54. ProShares UltraPro QQQ has a 12 month low of $35.00 and a 12 month high of $93.79. The stock's 50-day moving average is $68.59 and its two-hundred day moving average is $70.79.
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 is a positive change from ProShares UltraPro QQQ's previous quarterly dividend of $0.20. The ex-dividend date was Wednesday, June 25th. This represents a $0.87 annualized dividend and a dividend yield of 1.06%.
About ProShares UltraPro QQQ
(
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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