GFG Capital LLC grew its holdings in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 246.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,997 shares of the exchange traded fund's stock after acquiring 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.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. PPSC Investment Service Corp lifted its holdings in shares of ProShares UltraPro QQQ by 16.3% in the 1st quarter. PPSC Investment Service Corp now owns 519,345 shares of the exchange traded fund's stock worth $29,758,000 after acquiring an additional 72,930 shares during the last quarter. TB Alternative Assets Ltd. acquired a new stake in shares of ProShares UltraPro QQQ in the first quarter valued at approximately $26,495,000. WT Asset Management Ltd purchased a new position in shares of ProShares UltraPro QQQ during the first quarter worth about $21,201,000. Avidian Wealth Enterprises LLC raised its position in ProShares UltraPro QQQ by 103.9% during the 1st 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 lifted its holdings in shares of ProShares UltraPro QQQ by 81.2% in the 1st quarter. Paragon Advisors LLC now owns 323,011 shares of the exchange traded fund's stock valued at $18,509,000 after buying an additional 144,755 shares during the period.
ProShares UltraPro QQQ Trading Down 0.8%
Shares of NASDAQ:TQQQ traded down $0.64 during midday trading on Friday, hitting $83.72. 53,297,205 shares of the stock were exchanged, compared to its average volume of 70,323,033. ProShares UltraPro QQQ has a twelve month low of $35.00 and a twelve month high of $93.79. The stock has a market cap of $26.95 billion, a P/E ratio of 38.25 and a beta of 3.45. The company has a 50 day moving average price of $72.83 and a 200-day moving average price of $70.78.
ProShares UltraPro QQQ Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Wednesday, June 25th were given a $0.2183 dividend. 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 dividend yield of 1.04%. 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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