Cutler Investment Counsel LLC purchased a new position in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,520 shares of the exchange traded fund's stock, valued at approximately $202,000.
Several other hedge funds have also recently added to or reduced their stakes in the business. PPSC Investment Service Corp raised 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 worth $29,758,000 after purchasing an additional 72,930 shares in the last quarter. TB Alternative Assets Ltd. bought a new stake in ProShares UltraPro QQQ during the first quarter worth about $26,495,000. WT Asset Management Ltd bought a new stake in ProShares UltraPro QQQ during the first quarter worth about $21,201,000. Avidian Wealth Enterprises LLC grew its stake in ProShares UltraPro QQQ by 103.9% during the first quarter. Avidian Wealth Enterprises LLC now owns 366,450 shares of the exchange traded fund's stock worth $20,998,000 after buying an additional 186,716 shares during the last quarter. Finally, Paragon Advisors LLC grew its stake in ProShares UltraPro QQQ by 81.2% during the first quarter. Paragon Advisors LLC now owns 323,011 shares of the exchange traded fund's stock worth $18,509,000 after buying an additional 144,755 shares during the last quarter.
ProShares UltraPro QQQ Stock Performance
ProShares UltraPro QQQ stock traded down $5.29 during trading hours on Friday, hitting $82.92. 109,325,846 shares of the stock were exchanged, compared to its average volume of 84,832,008. The stock has a market capitalization of $25.95 billion, a P/E ratio of 38.25 and a beta of 3.45. ProShares UltraPro QQQ has a 12 month low of $35.00 and a 12 month high of $93.79. The business's 50-day moving average is $79.48 and its two-hundred day moving average is $71.33.
ProShares UltraPro QQQ Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Wednesday, June 25th were paid a dividend of $0.2183 per share. 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 1.1%. The ex-dividend date of this dividend was Wednesday, June 25th.
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.
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