GFG Capital LLC lifted its stake in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 246.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm 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 institutional investors and hedge funds also recently modified their holdings of the company. Cary Street Partners Financial LLC purchased a new position in ProShares UltraPro QQQ in the fourth quarter valued at about $47,000. Columbia River Financial Group LLC purchased a new position in ProShares UltraPro QQQ in the first quarter valued at about $47,000. Clear Investment Research LLC grew its stake in 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 purchasing an additional 479 shares in the last quarter. Wolff Wiese Magana LLC purchased a new position in ProShares UltraPro QQQ in the first quarter valued at about $94,000. Finally, Beacon Capital Management LLC grew its stake in 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 purchasing an additional 450 shares in the last quarter.
ProShares UltraPro QQQ Stock Performance
Shares of TQQQ traded down $0.53 during trading hours on Thursday, hitting $84.22. 39,191,668 shares of the company were exchanged, compared to its average volume of 87,749,320. The company has a market cap of $27.47 billion, a PE ratio of 38.25 and a beta of 3.45. The firm's 50 day moving average is $72.28 and its 200-day moving average is $70.79. ProShares UltraPro QQQ has a 52 week low of $35.00 and a 52 week high of $93.79.
ProShares UltraPro QQQ Increases Dividend
The business also recently declared 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 represents a $0.87 annualized dividend and a dividend yield of 1.04%. The ex-dividend date was Wednesday, June 25th. This is an increase from ProShares UltraPro QQQ's previous quarterly dividend of $0.20.
ProShares UltraPro QQQ Profile
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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.
Further Reading
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