Castleview Partners LLC boosted its holdings in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 150.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 31,845 shares of the exchange traded fund's stock after purchasing an additional 19,128 shares during the quarter. ProShares UltraPro QQQ accounts for about 1.2% of Castleview Partners LLC's portfolio, making the stock its 16th largest holding. Castleview Partners LLC's holdings in ProShares UltraPro QQQ were worth $1,825,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in TQQQ. Cary Street Partners Financial LLC bought a new stake in shares of ProShares UltraPro QQQ during the 4th quarter worth approximately $47,000. Clear Investment Research LLC lifted its holdings in shares of ProShares UltraPro QQQ by 83.3% during the 4th quarter. Clear Investment Research LLC now owns 1,054 shares of the exchange traded fund's stock worth $83,000 after acquiring an additional 479 shares during the period. Beacon Capital Management LLC lifted its holdings in shares of ProShares UltraPro QQQ by 32.8% during the 1st quarter. Beacon Capital Management LLC now owns 1,823 shares of the exchange traded fund's stock worth $104,000 after acquiring an additional 450 shares during the period. Menard Financial Group LLC bought a new stake in shares of ProShares UltraPro QQQ during the 4th quarter worth approximately $146,000. Finally, Sepio Capital LP bought a new stake in shares of ProShares UltraPro QQQ during the 4th quarter worth approximately $201,000.
ProShares UltraPro QQQ Stock Performance
Shares of ProShares UltraPro QQQ stock traded down $1.01 on Friday, reaching $72.45. 81,396,596 shares of the stock were exchanged, compared to its average volume of 69,464,344. The firm's 50 day moving average is $63.88 and its 200-day moving average is $71.05. ProShares UltraPro QQQ has a one year low of $35.00 and a one year high of $93.79. The firm has a market cap of $28.06 billion, a PE ratio of 38.25 and a beta of 3.45.
ProShares UltraPro QQQ Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 26th were issued a dividend of $0.1977 per share. This represents a $0.79 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend 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.
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