BNP Paribas Financial Markets lowered its stake in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 99.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,798 shares of the exchange traded fund's stock after selling 298,202 shares during the quarter. BNP Paribas Financial Markets' holdings in ProShares UltraPro QQQ were worth $142,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. SVB Wealth LLC acquired a new stake in ProShares UltraPro QQQ in the 4th quarter valued at about $791,000. Raymond James Financial Inc. acquired a new stake in ProShares UltraPro QQQ in the 4th quarter valued at about $364,000. Chung Wu Investment Group LLC acquired a new stake in ProShares UltraPro QQQ in the 4th quarter valued at about $983,000. LPL Financial LLC lifted its holdings in 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 acquiring an additional 9,684 shares during the last quarter. Finally, Envestnet Asset Management Inc. acquired a new stake in ProShares UltraPro QQQ in the 4th quarter valued at about $390,000.
ProShares UltraPro QQQ Stock Performance
NASDAQ TQQQ traded up $1.61 on Monday, reaching $71.61. The company's stock had a trading volume of 68,282,407 shares, compared to its average volume of 67,878,814. ProShares UltraPro QQQ has a twelve month low of $35.00 and a twelve month high of $93.79. The stock has a market cap of $27.73 billion, a PE ratio of 32.04 and a beta of 3.45. The firm's 50 day moving average is $57.10 and its two-hundred day moving average is $71.64.
ProShares UltraPro QQQ Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 26th were paid a dividend of $0.1977 per share. This represents a $0.79 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date was Wednesday, March 26th.
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.
Read More
Before you consider ProShares UltraPro QQQ, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ProShares UltraPro QQQ wasn't on the list.
While ProShares UltraPro QQQ currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
