Howard Financial Services LTD. 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 Securities & Exchange Commission. The institutional investor bought 8,200 shares of the exchange traded fund's stock, valued at approximately $470,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Alpha Wealth Funds LLC bought a new position in shares of ProShares UltraPro QQQ in the fourth quarter valued at $1,878,000. Menard Financial Group LLC purchased a new position in ProShares UltraPro QQQ in the 4th quarter worth approximately $146,000. Blue Sky Capital Consultants Group Inc. purchased a new position in ProShares UltraPro QQQ in the 4th quarter worth approximately $1,964,000. Stuart Chaussee & Associates Inc. purchased a new position in ProShares UltraPro QQQ in the 4th quarter worth approximately $1,473,000. Finally, Main Street Group LTD lifted its stake in ProShares UltraPro QQQ by 1.5% in the fourth quarter. Main Street Group LTD now owns 48,567 shares of the exchange traded fund's stock worth $3,843,000 after purchasing an additional 702 shares during the last quarter.
ProShares UltraPro QQQ Price Performance
ProShares UltraPro QQQ stock traded up $1.75 during mid-day trading on Tuesday, hitting $73.36. The company's stock had a trading volume of 34,298,549 shares, compared to its average volume of 67,762,697. The stock has a market cap of $28.41 billion, a price-to-earnings ratio of 32.04 and a beta of 3.45. The business has a 50 day moving average price of $57.27 and a 200-day moving average price of $71.62. ProShares UltraPro QQQ has a 12 month low of $35.00 and a 12 month high of $93.79.
ProShares UltraPro QQQ Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 26th were issued a $0.1977 dividend. The ex-dividend date was Wednesday, March 26th. This represents a $0.79 annualized dividend and a yield of 1.08%.
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.
Featured Stories
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
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
