12,431 Shares in ProShares UltraPro QQQ (NASDAQ:TQQQ) Purchased by IMC Chicago LLC

IMC Chicago LLC purchased a new position in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 12,431 shares of the exchange traded fund's stock, valued at approximately $712,000.

Several other institutional investors and hedge funds have also made changes to their positions in TQQQ. PayPay Securities Corp grew its stake in ProShares UltraPro QQQ by 119.3% in the 4th quarter. PayPay Securities Corp now owns 500 shares of the exchange traded fund's stock worth $40,000 after acquiring an additional 272 shares during the period. Cary Street Partners Financial LLC purchased a new stake in shares of ProShares UltraPro QQQ in the fourth quarter valued at $47,000. Clear Investment Research LLC increased its stake in ProShares UltraPro QQQ by 83.3% in the fourth quarter. Clear Investment Research LLC now owns 1,054 shares of the exchange traded fund's stock valued at $83,000 after purchasing an additional 479 shares during the last quarter. Beacon Capital Management LLC purchased a new position in ProShares UltraPro QQQ during the fourth quarter worth about $109,000. Finally, Menard Financial Group LLC purchased a new position in ProShares UltraPro QQQ during the fourth quarter worth about $146,000.

ProShares UltraPro QQQ Trading Down 3.8%

TQQQ traded down $2.86 during midday trading on Friday, hitting $72.83. The company's stock had a trading volume of 105,037,814 shares, compared to its average volume of 68,798,234. ProShares UltraPro QQQ has a 52-week low of $35.00 and a 52-week high of $93.79. The firm has a 50-day moving average price of $60.60 and a two-hundred day moving average price of $71.53. The firm has a market cap of $28.20 billion, a P/E ratio of 38.25 and a beta of 3.45.

ProShares UltraPro QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors 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 dividend on an annualized basis and a yield of 1.09%.

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.