Calamos Wealth Management LLC Takes Position in ProShares UltraPro QQQ (NASDAQ:TQQQ)

Calamos Wealth Management LLC acquired a new position in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 3,700 shares of the exchange traded fund's stock, valued at approximately $212,000.

A number of other hedge funds have also recently made changes to their positions in the business. Capital Investment Counsel Inc boosted its stake in shares of ProShares UltraPro QQQ by 74.1% in the first quarter. Capital Investment Counsel Inc now owns 4,700 shares of the exchange traded fund's stock worth $269,000 after acquiring an additional 2,000 shares during the period. WT Asset Management Ltd bought a new position in shares of ProShares UltraPro QQQ in the first quarter worth about $21,201,000. Vontobel Holding Ltd. boosted its stake in shares of ProShares UltraPro QQQ by 363.2% in the first quarter. Vontobel Holding Ltd. now owns 20,891 shares of the exchange traded fund's stock worth $1,197,000 after acquiring an additional 16,381 shares during the period. Koshinski Asset Management Inc. boosted its stake in shares of ProShares UltraPro QQQ by 28.6% in the first quarter. Koshinski Asset Management Inc. now owns 19,317 shares of the exchange traded fund's stock worth $1,107,000 after acquiring an additional 4,291 shares during the period. Finally, Sollinda Capital Management LLC bought a new position in shares of ProShares UltraPro QQQ in the first quarter worth about $4,227,000.

ProShares UltraPro QQQ Price Performance

Shares of NASDAQ TQQQ traded up $0.11 during mid-day trading on Tuesday, reaching $83.03. The company's stock had a trading volume of 57,412,133 shares, compared to its average volume of 70,234,256. The stock has a fifty day moving average of $71.68 and a two-hundred day moving average of $70.69. ProShares UltraPro QQQ has a 52 week low of $35.00 and a 52 week high of $93.79. The firm has a market capitalization of $27.08 billion, a PE ratio of 38.25 and a beta of 3.45.

ProShares UltraPro QQQ Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Wednesday, June 25th were paid a dividend of $0.2183 per share. The ex-dividend date of this dividend was Wednesday, June 25th. This is a positive change from ProShares UltraPro QQQ's previous quarterly dividend of $0.20. This represents a $0.87 dividend on an annualized basis and a yield of 1.05%.

About ProShares UltraPro QQQ

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.