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

Calamos Wealth Management LLC bought a new stake in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,700 shares of the exchange traded fund's stock, valued at approximately $212,000.

A number of other institutional investors have also added to or reduced their stakes in TQQQ. Cary Street Partners Financial LLC bought a new position in ProShares UltraPro QQQ in the fourth quarter valued at $47,000. Clear Investment Research LLC increased its stake in ProShares UltraPro QQQ by 83.3% in the fourth quarter. Clear Investment Research LLC now owns 1,054 shares of the exchange traded fund's stock valued at $83,000 after acquiring an additional 479 shares during the last quarter. Wolff Wiese Magana LLC bought a new position in ProShares UltraPro QQQ in the first quarter valued at $94,000. Beacon Capital Management LLC increased its stake in ProShares UltraPro QQQ by 32.8% in the first quarter. Beacon Capital Management LLC now owns 1,823 shares of the exchange traded fund's stock valued at $104,000 after acquiring an additional 450 shares during the last quarter. Finally, Canton Hathaway LLC bought a new position in ProShares UltraPro QQQ in the first quarter valued at $118,000.

ProShares UltraPro QQQ Stock Performance

TQQQ traded up $2.20 during trading on Friday, reaching $84.70. The stock had a trading volume of 41,742,302 shares, compared to its average volume of 70,151,212. The business has a 50-day moving average of $70.54 and a 200-day moving average of $70.61. ProShares UltraPro QQQ has a one year low of $35.00 and a one year high of $93.79. The stock has a market cap of $27.63 billion, a PE ratio of 38.25 and a beta of 3.45.

ProShares UltraPro QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Wednesday, June 25th were paid a dividend of $0.2183 per share. This is a boost from ProShares UltraPro QQQ's previous quarterly dividend of $0.20. This represents a $0.87 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend was Wednesday, June 25th.

ProShares UltraPro QQQ Profile

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.