Davies Financial Advisors Inc. bought a new stake in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 8,692 shares of the exchange traded fund's stock, valued at approximately $498,000.
Other large investors have also modified their holdings of the company. Cary Street Partners Financial LLC acquired a new stake in ProShares UltraPro QQQ in the 4th quarter valued at approximately $47,000. Clear Investment Research LLC boosted its position in shares of ProShares UltraPro QQQ by 83.3% during the fourth quarter. Clear Investment Research LLC now owns 1,054 shares of the exchange traded fund's stock worth $83,000 after buying an additional 479 shares during the period. Beacon Capital Management LLC grew its stake in shares of ProShares UltraPro QQQ by 32.8% in the first quarter. Beacon Capital Management LLC now owns 1,823 shares of the exchange traded fund's stock valued at $104,000 after buying an additional 450 shares in the last quarter. Menard Financial Group LLC purchased a new stake in shares of ProShares UltraPro QQQ in the 4th quarter valued at $146,000. Finally, Sepio Capital LP purchased a new stake in shares of ProShares UltraPro QQQ in the 4th quarter valued at $201,000.
ProShares UltraPro QQQ Price Performance
Shares of ProShares UltraPro QQQ stock opened at $73.42 on Friday. The stock has a market capitalization of $28.43 billion, a price-to-earnings ratio of 38.25 and a beta of 3.45. The business has a 50-day moving average of $63.40 and a 200 day moving average of $71.33. ProShares UltraPro QQQ has a 12 month low of $35.00 and a 12 month high of $93.79.
ProShares UltraPro QQQ Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 26th were given a dividend of $0.1977 per share. The ex-dividend date was Wednesday, March 26th. This represents a $0.79 annualized dividend and a dividend yield of 1.08%.
ProShares UltraPro QQQ Profile
(
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
Want to see what other hedge funds are holding TQQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report).
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