Charles Schwab Trust Co bought a new position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 83,209 shares of the exchange traded fund's stock, valued at approximately $4,768,000.
Several other hedge funds have also added to or reduced their stakes in the business. SBI Securities Co. Ltd. acquired a new position in ProShares UltraPro QQQ during the fourth quarter worth approximately $9,970,000. Finward Bancorp bought a new position in shares of ProShares UltraPro QQQ during the fourth quarter valued at $8,775,000. PPSC Investment Service Corp grew its position in shares of ProShares UltraPro QQQ by 17.5% in the 4th quarter. PPSC Investment Service Corp now owns 446,415 shares of the exchange traded fund's stock valued at $35,325,000 after buying an additional 66,582 shares during the last quarter. Mariner LLC increased its position in ProShares UltraPro QQQ by 109.9% during the 4th quarter. Mariner LLC now owns 59,818 shares of the exchange traded fund's stock valued at $4,733,000 after purchasing an additional 31,319 shares during the period. Finally, BXM Wealth LLC bought a new position in ProShares UltraPro QQQ during the fourth quarter worth $2,201,000.
ProShares UltraPro QQQ Price Performance
Shares of NASDAQ:TQQQ traded up $2.06 during mid-day trading on Friday, hitting $74.21. The company had a trading volume of 65,393,625 shares, compared to its average volume of 68,176,738. The company has a market capitalization of $28.74 billion, a PE ratio of 32.04 and a beta of 3.45. ProShares UltraPro QQQ has a one year low of $35.00 and a one year high of $93.79. The firm has a fifty day moving average price of $58.12 and a 200 day moving average price of $71.63.
ProShares UltraPro QQQ Cuts Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 26th were issued a dividend of $0.1977 per share. The ex-dividend date of this dividend was Wednesday, March 26th. This represents a $0.79 annualized dividend and a yield of 1.07%.
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.
See Also
Before you consider ProShares UltraPro QQQ, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ProShares UltraPro QQQ wasn't on the list.
While ProShares UltraPro QQQ currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
