GFG Capital LLC Grows Position in ProShares UltraPro QQQ (NASDAQ:TQQQ)

GFG Capital LLC increased its holdings in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 246.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,997 shares of the exchange traded fund's stock after purchasing an additional 6,400 shares during the period. GFG Capital LLC's holdings in ProShares UltraPro QQQ were worth $516,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. PPSC Investment Service Corp boosted its stake in ProShares UltraPro QQQ by 16.3% during the first quarter. PPSC Investment Service Corp now owns 519,345 shares of the exchange traded fund's stock worth $29,758,000 after buying an additional 72,930 shares during the period. TB Alternative Assets Ltd. purchased a new stake in shares of ProShares UltraPro QQQ during the first quarter valued at $26,495,000. WT Asset Management Ltd purchased a new stake in shares of ProShares UltraPro QQQ during the first quarter valued at $21,201,000. Avidian Wealth Enterprises LLC boosted its stake in shares of 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 valued at $20,998,000 after purchasing an additional 186,716 shares during the period. Finally, Paragon Advisors LLC boosted its stake in shares of 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 valued at $18,509,000 after purchasing an additional 144,755 shares during the period.

ProShares UltraPro QQQ Trading Down 0.8%

Shares of TQQQ traded down $0.64 during trading hours on Friday, reaching $83.72. 53,297,205 shares of the company traded hands, compared to its average volume of 70,385,708. The firm has a market cap of $26.95 billion, a price-to-earnings 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 stock's fifty day moving average price is $73.32 and its 200 day moving average price is $70.63.

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 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 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date was Wednesday, June 25th.

ProShares UltraPro QQQ 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.