Cutler Investment Counsel LLC acquired a new position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,520 shares of the exchange traded fund's stock, valued at approximately $202,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of TQQQ. MRP Capital Investments LLC bought a new stake in shares of ProShares UltraPro QQQ during the 1st quarter valued at about $29,000. Cary Street Partners Financial LLC bought a new stake in shares of ProShares UltraPro QQQ during the 4th quarter valued at about $47,000. Columbia River Financial Group LLC bought a new stake in shares of ProShares UltraPro QQQ during the 1st quarter valued at about $47,000. Wolff Wiese Magana LLC bought a new stake in shares of ProShares UltraPro QQQ during the 1st quarter valued at about $94,000. Finally, Beacon Capital Management LLC boosted its position 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 in the last quarter.
ProShares UltraPro QQQ Price Performance
Shares of ProShares UltraPro QQQ stock traded down $5.29 on Friday, hitting $82.92. 109,494,538 shares of the company's stock traded hands, compared to its average volume of 84,834,188. The company has a fifty day moving average of $79.82 and a two-hundred day moving average of $71.38. The company has a market capitalization of $25.56 billion, a price-to-earnings ratio of 38.25 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.
ProShares UltraPro QQQ Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Wednesday, June 25th were issued a $0.2183 dividend. This is a boost from ProShares UltraPro QQQ's previous quarterly dividend of $0.20. This represents a $0.87 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Wednesday, June 25th.
ProShares UltraPro QQQ Company Profile
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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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