Headlands Technologies LLC bought a new position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 24,579 shares of the exchange traded fund's stock, valued at approximately $1,408,000.
Several other hedge funds have also modified their holdings of the company. Maxi Investments CY Ltd purchased a new stake in shares of ProShares UltraPro QQQ during the 1st quarter worth about $4,194,000. Cedar Wealth Management LLC purchased a new stake in shares of ProShares UltraPro QQQ during the 1st quarter worth about $549,000. US Bancorp DE boosted its stake in shares of ProShares UltraPro QQQ by 266.1% during the 1st quarter. US Bancorp DE now owns 5,342 shares of the exchange traded fund's stock worth $306,000 after acquiring an additional 3,883 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new stake in shares of ProShares UltraPro QQQ during the 1st quarter worth about $2,458,000. Finally, NorthRock Partners LLC boosted its stake in shares of ProShares UltraPro QQQ by 8.0% during the 1st quarter. NorthRock Partners LLC now owns 8,959 shares of the exchange traded fund's stock worth $513,000 after acquiring an additional 660 shares in the last quarter.
ProShares UltraPro QQQ Stock Up 1.0%
TQQQ stock opened at $89.74 on Friday. ProShares UltraPro QQQ has a 52-week low of $35.00 and a 52-week high of $93.79. The company's 50-day simple moving average is $81.30 and its 200-day simple moving average is $71.55. The firm has a market cap of $27.66 billion, a P/E ratio of 38.25 and a beta of 3.45.
ProShares UltraPro QQQ Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Wednesday, June 25th were given a dividend of $0.2183 per share. This is a boost from ProShares UltraPro QQQ's previous quarterly dividend of $0.20. The ex-dividend date was Wednesday, June 25th. This represents a $0.87 annualized dividend and a dividend yield of 1.0%.
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.
Further Reading
Want to see what other hedge funds are holding TQQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider ProShares UltraPro QQQ, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ProShares UltraPro QQQ wasn't on the list.
While ProShares UltraPro QQQ currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
