Global Assets Advisory LLC acquired a new stake in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 8,191 shares of the exchange traded fund's stock, valued at approximately $469,000.
Several other institutional investors have also recently modified their holdings of the company. PPSC Investment Service Corp increased its position in shares of ProShares UltraPro QQQ by 16.3% during the 1st quarter. PPSC Investment Service Corp now owns 519,345 shares of the exchange traded fund's stock valued at $29,758,000 after purchasing an additional 72,930 shares during the last quarter. TB Alternative Assets Ltd. bought a new position in ProShares UltraPro QQQ during the 1st quarter worth approximately $26,495,000. Paragon Advisors LLC grew its position in ProShares UltraPro QQQ by 81.2% during the 1st quarter. Paragon Advisors LLC now owns 323,011 shares of the exchange traded fund's stock worth $18,509,000 after acquiring an additional 144,755 shares during the last quarter. Orion Portfolio Solutions LLC increased its stake in ProShares UltraPro QQQ by 7.0% in the 4th quarter. Orion Portfolio Solutions LLC now owns 157,596 shares of the exchange traded fund's stock worth $12,471,000 after purchasing an additional 10,284 shares during the period. Finally, SBI Securities Co. Ltd. purchased a new position in ProShares UltraPro QQQ in the 4th quarter worth approximately $9,970,000.
ProShares UltraPro QQQ Price Performance
ProShares UltraPro QQQ stock traded up $0.79 during trading hours on Friday, reaching $81.42. The company had a trading volume of 72,766,712 shares, compared to its average volume of 69,869,041. The company has a 50-day moving average price of $67.05 and a 200 day moving average price of $70.76. The firm has a market cap of $27.09 billion, a price-to-earnings ratio of 38.25 and a beta of 3.54. ProShares UltraPro QQQ has a 12-month low of $35.00 and a 12-month high of $93.79.
ProShares UltraPro QQQ Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Wednesday, June 25th will be paid a $0.2183 dividend. This is a boost from ProShares UltraPro QQQ's previous quarterly dividend of $0.20. This represents a $0.87 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend is Wednesday, June 25th.
ProShares UltraPro QQQ Company 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.
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