Headlands Technologies LLC Invests $1.41 Million in ProShares UltraPro QQQ (NASDAQ:TQQQ)

Key Points

• Headlands Technologies LLC has invested approximately $1.41 million in ProShares UltraPro QQQ (NASDAQ:TQQQ) by acquiring 24,579 shares during the 1st quarter.
• ProShares UltraPro QQQ recently declared an increased quarterly dividend of $0.2183 per share, up from $0.20, representing a 1.0% dividend yield.
• The stock price of ProShares UltraPro QQQ is currently up 1.0%, with a 52-week range of $35.00 to $93.79.

Headlands Technologies LLC purchased a new stake in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 24,579 shares of the exchange traded fund's stock, valued at approximately $1,408,000.

Several other large investors have also recently bought and sold shares of the stock. Raymond James Financial Inc. bought a new stake in ProShares UltraPro QQQ during the fourth quarter worth $364,000. Envestnet Asset Management Inc. bought a new stake in ProShares UltraPro QQQ during the fourth quarter worth $390,000. Bank of Montreal Can raised its position in ProShares UltraPro QQQ by 14.0% during the fourth quarter. Bank of Montreal Can now owns 15,521 shares of the exchange traded fund's stock worth $1,228,000 after acquiring an additional 1,908 shares in the last quarter. DRW Securities LLC bought a new stake in ProShares UltraPro QQQ during the fourth quarter worth $783,000. Finally, NFP Retirement Inc. bought a new stake in ProShares UltraPro QQQ during the fourth quarter worth $380,000.

ProShares UltraPro QQQ Price Performance

NASDAQ TQQQ traded up $2.85 on Tuesday, hitting $94.20. 45,883,543 shares of the stock were exchanged, compared to its average volume of 83,716,688. The business's fifty day moving average is $82.15 and its 200 day moving average is $71.40. ProShares UltraPro QQQ has a 52 week low of $35.00 and a 52 week high of $94.44. The company has a market capitalization of $29.03 billion, a PE ratio of 38.25 and a beta of 3.45.

ProShares UltraPro QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Wednesday, June 25th were given a $0.2183 dividend. The ex-dividend date of this dividend was Wednesday, June 25th. This is a boost from ProShares UltraPro QQQ's previous quarterly dividend of $0.20. This represents a $0.87 annualized dividend and a dividend yield of 0.9%.

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.