Clarity Wealth Advisors LLC Grows Stock Position in ProShares UltraPro QQQ (NASDAQ:TQQQ)

Clarity Wealth Advisors LLC grew its position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 41.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Raymond James Financial Inc. bought a new stake in shares of ProShares UltraPro QQQ during the fourth quarter valued at approximately $364,000. Independent Advisor Alliance purchased a new position in ProShares UltraPro QQQ during the 4th quarter worth $220,000. HighTower Advisors LLC raised its stake in ProShares UltraPro QQQ by 38.6% in the fourth quarter. HighTower Advisors LLC now owns 17,168 shares of the exchange traded fund's stock valued at $1,358,000 after buying an additional 4,779 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of ProShares UltraPro QQQ by 10,714.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 14,924 shares of the exchange traded fund's stock valued at $1,181,000 after acquiring an additional 14,786 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its position in shares of ProShares UltraPro QQQ by 111.3% in the 4th quarter. Farther Finance Advisors LLC now owns 3,256 shares of the exchange traded fund's stock valued at $258,000 after purchasing an additional 1,715 shares during the last quarter.

ProShares UltraPro QQQ Stock Performance

ProShares UltraPro QQQ stock traded up $0.89 during midday trading on Monday, hitting $84.61. 48,394,374 shares of the company were exchanged, compared to its average volume of 87,318,344. The business has a fifty day simple moving average of $73.32 and a two-hundred day simple moving average of $70.51. ProShares UltraPro QQQ has a fifty-two week low of $35.00 and a fifty-two week high of $93.79. The firm has a market capitalization of $27.24 billion, a PE ratio of 38.25 and a beta of 3.45.

ProShares UltraPro QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Wednesday, June 25th were paid a dividend of $0.2183 per share. This represents a $0.87 annualized dividend and a dividend yield of 1.03%. This is an increase from ProShares UltraPro QQQ's previous quarterly dividend of $0.20. The ex-dividend date 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.