Cerity Partners LLC boosted its position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 28.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 27,707 shares of the exchange traded fund's stock after purchasing an additional 6,089 shares during the period. Cerity Partners LLC's holdings in ProShares UltraPro QQQ were worth $1,588,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the company. Cary Street Partners Financial LLC acquired a new stake in ProShares UltraPro QQQ in the 4th quarter valued at about $47,000. Columbia River Financial Group LLC acquired a new stake in ProShares UltraPro QQQ in the 1st quarter valued at about $47,000. Wolff Wiese Magana LLC acquired a new stake in ProShares UltraPro QQQ in the 1st quarter valued at about $94,000. Beacon Capital Management LLC increased its position in ProShares UltraPro QQQ by 32.8% in the 1st 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 in the last quarter. Finally, Menard Financial Group LLC acquired a new stake in ProShares UltraPro QQQ in the 4th quarter valued at about $146,000.
ProShares UltraPro QQQ Stock Performance
TQQQ traded up $0.50 during midday trading on Friday, hitting $88.92. The company had a trading volume of 39,355,282 shares, compared to its average volume of 85,165,266. The company has a market capitalization of $28.19 billion, a PE ratio of 38.25 and a beta of 3.45. ProShares UltraPro QQQ has a twelve month low of $35.00 and a twelve month high of $93.79. The firm's 50-day simple moving average is $77.57 and its 200-day simple moving average is $70.97.
ProShares UltraPro QQQ Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Wednesday, June 25th were given a $0.2183 dividend. This represents a $0.87 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend was Wednesday, June 25th. This is a boost from ProShares UltraPro QQQ's previous quarterly dividend of $0.20.
ProShares UltraPro QQQ Profile
(
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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