Clarity Wealth Advisors LLC Acquires 3,900 Shares of ProShares UltraPro QQQ (NASDAQ:TQQQ)

Clarity Wealth Advisors LLC lifted its stake in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 41.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,420 shares of the exchange traded fund's stock after purchasing an additional 3,900 shares during the period. Clarity Wealth Advisors LLC's holdings in ProShares UltraPro QQQ were worth $769,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Cary Street Partners Financial LLC bought a new position in ProShares UltraPro QQQ in the 4th quarter worth approximately $47,000. Columbia River Financial Group LLC bought a new position in shares of ProShares UltraPro QQQ in the first quarter worth $47,000. Clear Investment Research LLC boosted its holdings in shares of 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 worth $83,000 after acquiring an additional 479 shares during the period. Wolff Wiese Magana LLC purchased a new position in shares of ProShares UltraPro QQQ in the first quarter valued at $94,000. Finally, Beacon Capital Management LLC raised its stake 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 valued at $104,000 after purchasing an additional 450 shares during the period.

ProShares UltraPro QQQ Trading Down 0.8%

Shares of ProShares UltraPro QQQ stock traded down $0.64 on Friday, reaching $83.72. The stock had a trading volume of 53,297,205 shares, compared to its average volume of 70,385,708. The business's 50 day moving average is $73.32 and its two-hundred day moving average is $70.63. ProShares UltraPro QQQ has a 1 year low of $35.00 and a 1 year high of $93.79. The company has a market cap of $26.95 billion, a P/E ratio of 38.25 and a beta of 3.45.

ProShares UltraPro QQQ Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Wednesday, June 25th were paid a $0.2183 dividend. 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. This represents a $0.87 annualized dividend and a yield of 1.04%.

About ProShares UltraPro QQQ

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.