Davies Financial Advisors Inc. bought a new position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 8,692 shares of the exchange traded fund's stock, valued at approximately $498,000.
A number of other hedge funds also recently bought and sold shares of TQQQ. Cary Street Partners Financial LLC bought a new stake in ProShares UltraPro QQQ during the fourth quarter valued at about $47,000. Clear Investment Research LLC lifted its stake 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 valued at $83,000 after buying an additional 479 shares during the period. Beacon Capital Management LLC lifted 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 during the period. Menard Financial Group LLC bought a new stake in shares of ProShares UltraPro QQQ in the fourth quarter valued at about $146,000. Finally, Sepio Capital LP bought a new stake in shares of ProShares UltraPro QQQ in the fourth quarter valued at about $201,000.
ProShares UltraPro QQQ Price Performance
Shares of NASDAQ TQQQ traded up $2.25 during mid-day trading on Monday, hitting $74.70. The company had a trading volume of 80,581,915 shares, compared to its average volume of 69,521,451. The business's 50-day simple moving average is $64.38 and its 200-day simple moving average is $70.96. ProShares UltraPro QQQ has a 12 month low of $35.00 and a 12 month high of $93.79. The firm has a market cap of $28.93 billion, a P/E ratio of 38.25 and a beta of 3.45.
ProShares UltraPro QQQ Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Wednesday, March 26th were paid a $0.1977 dividend. This represents a $0.79 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend was Wednesday, March 26th.
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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