Balefire LLC boosted its position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 95.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 23,654 shares of the exchange traded fund's stock after acquiring an additional 11,565 shares during the period. Balefire LLC's holdings in ProShares UltraPro QQQ were worth $1,355,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cary Street Partners Financial LLC bought a new stake in ProShares UltraPro QQQ during the 4th quarter worth approximately $47,000. Clear Investment Research LLC raised its position in shares of 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 valued at $83,000 after buying an additional 479 shares during the last quarter. Wolff Wiese Magana LLC bought a new stake in shares of ProShares UltraPro QQQ during the first quarter valued at approximately $94,000. Beacon Capital Management LLC raised its position in shares of 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 valued at $104,000 after buying an additional 450 shares during the last quarter. Finally, Canton Hathaway LLC bought a new stake in shares of ProShares UltraPro QQQ during the first quarter valued at approximately $118,000.
ProShares UltraPro QQQ Stock Performance
Shares of ProShares UltraPro QQQ stock traded up $0.79 on Friday, hitting $81.42. 72,766,712 shares of the company traded hands, compared to its average volume of 69,869,041. The stock has a market capitalization of $27.09 billion, a P/E ratio of 38.25 and a beta of 3.54. ProShares UltraPro QQQ has a 52 week low of $35.00 and a 52 week high of $93.79. The business has a 50-day simple moving average of $67.05 and a 200 day simple moving average of $70.76.
ProShares UltraPro QQQ Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Wednesday, June 25th will be given a dividend of $0.2183 per share. The ex-dividend date is Wednesday, June 25th. This represents a $0.87 annualized dividend and a dividend yield of 1.07%. This is a boost from ProShares UltraPro QQQ's previous quarterly dividend of $0.20.
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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