Cerity Partners LLC Buys 6,089 Shares of ProShares UltraPro QQQ (NASDAQ:TQQQ)

Cerity Partners LLC raised its stake in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 28.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. PPSC Investment Service Corp grew its position in ProShares UltraPro QQQ by 16.3% in the first quarter. PPSC Investment Service Corp now owns 519,345 shares of the exchange traded fund's stock valued at $29,758,000 after acquiring an additional 72,930 shares during the period. TB Alternative Assets Ltd. acquired a new stake in shares of ProShares UltraPro QQQ during the first quarter worth approximately $26,495,000. WT Asset Management Ltd acquired a new position in shares of ProShares UltraPro QQQ in the 1st quarter worth approximately $21,201,000. Avidian Wealth Enterprises LLC increased its holdings in ProShares UltraPro QQQ by 103.9% during the 1st quarter. Avidian Wealth Enterprises LLC now owns 366,450 shares of the exchange traded fund's stock valued at $20,998,000 after purchasing an additional 186,716 shares in the last quarter. Finally, Paragon Advisors LLC increased its holdings in ProShares UltraPro QQQ by 81.2% during the 1st quarter. Paragon Advisors LLC now owns 323,011 shares of the exchange traded fund's stock valued at $18,509,000 after purchasing an additional 144,755 shares in the last quarter.

ProShares UltraPro QQQ Trading Up 1.2%

NASDAQ TQQQ traded up $1.03 on Thursday, hitting $88.87. 34,942,408 shares of the company were exchanged, compared to its average volume of 85,406,898. The company has a market cap of $28.17 billion, a P/E ratio of 38.25 and a beta of 3.45. ProShares UltraPro QQQ has a 1-year low of $35.00 and a 1-year high of $93.79. The firm has a 50 day moving average of $77.21 and a two-hundred day moving average of $70.95.

ProShares UltraPro QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Wednesday, June 25th were issued a $0.2183 dividend. This is a positive change from ProShares UltraPro QQQ's previous quarterly dividend of $0.20. This represents a $0.87 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend was Wednesday, June 25th.

ProShares UltraPro QQQ Company 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.