GFG Capital LLC raised its stake in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 246.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,997 shares of the exchange traded fund's stock after acquiring an additional 6,400 shares during the quarter. GFG Capital LLC's holdings in ProShares UltraPro QQQ were worth $516,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently made changes to their positions in TQQQ. TB Alternative Assets Ltd. bought a new position in shares of ProShares UltraPro QQQ in the first quarter valued at about $26,495,000. WT Asset Management Ltd bought a new position in shares of ProShares UltraPro QQQ in the first quarter valued at about $21,201,000. Avidian Wealth Enterprises LLC raised its holdings in shares of ProShares UltraPro QQQ by 103.9% in 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 buying an additional 186,716 shares during the last quarter. Paragon Advisors LLC raised its holdings in shares of ProShares UltraPro QQQ by 81.2% in the first 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 last quarter. Finally, Finward Bancorp bought a new position in shares of ProShares UltraPro QQQ in the fourth quarter valued at about $8,775,000.
ProShares UltraPro QQQ Trading Up 2.1%
Shares of ProShares UltraPro QQQ stock traded up $1.72 during trading on Wednesday, reaching $84.75. The company's stock had a trading volume of 58,465,693 shares, compared to its average volume of 70,188,919. The stock has a 50-day moving average price of $71.68 and a two-hundred day moving average price of $70.69. ProShares UltraPro QQQ has a one year low of $35.00 and a one year high of $93.79. The stock has a market capitalization of $27.65 billion, a P/E ratio of 38.25 and a beta of 3.45.
ProShares UltraPro QQQ Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Wednesday, June 25th were issued a $0.2183 dividend. This represents a $0.87 dividend on an annualized basis and a dividend yield of 1.03%. This is a boost from ProShares UltraPro QQQ's previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Wednesday, June 25th.
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.
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