Koshinski Asset Management Inc. increased its stake in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 28.6% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 19,317 shares of the exchange traded fund's stock after purchasing an additional 4,291 shares during the quarter. Koshinski Asset Management Inc.'s holdings in ProShares UltraPro QQQ were worth $1,107,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Sollinda Capital Management LLC bought a new stake in ProShares UltraPro QQQ during the 1st quarter worth approximately $4,227,000. Avidian Wealth Enterprises LLC grew its position in shares of ProShares UltraPro QQQ by 103.9% during the 1st quarter. Avidian Wealth Enterprises LLC now owns 366,450 shares of the exchange traded fund's stock valued at $20,998,000 after purchasing an additional 186,716 shares in the last quarter. Uniting Wealth Partners LLC purchased a new position in shares of ProShares UltraPro QQQ during the 1st quarter valued at $229,000. KG&L Capital Management LLC bought a new position in shares of ProShares UltraPro QQQ in the first quarter worth $1,081,000. Finally, Balefire LLC increased its holdings in shares of ProShares UltraPro QQQ by 95.7% in the first quarter. Balefire LLC now owns 23,654 shares of the exchange traded fund's stock worth $1,355,000 after purchasing an additional 11,565 shares during the period.
ProShares UltraPro QQQ Stock Up 2.7%
NASDAQ:TQQQ traded up $2.20 during trading hours on Friday, hitting $84.70. 41,742,302 shares of the company's stock traded hands, compared to its average volume of 70,029,856. The firm has a market cap of $27.63 billion, a P/E ratio of 38.25 and a beta of 3.45. ProShares UltraPro QQQ has a 52 week low of $35.00 and a 52 week high of $93.79. The business's fifty day simple moving average is $69.92 and its two-hundred day simple moving average is $70.81.
ProShares UltraPro QQQ Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Wednesday, June 25th were issued a $0.2183 dividend. The ex-dividend date was Wednesday, June 25th. This represents a $0.87 annualized dividend and a dividend yield of 1.03%. This is a boost from ProShares UltraPro QQQ's previous quarterly dividend of $0.20.
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.
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