Lauer Wealth LLC raised its holdings in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 132.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,865 shares of the exchange traded fund's stock after buying an additional 6,198 shares during the quarter. ProShares UltraPro QQQ accounts for approximately 0.5% of Lauer Wealth LLC's holdings, making the stock its 27th biggest holding. Lauer Wealth LLC's holdings in ProShares UltraPro QQQ were worth $596,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the business. Cary Street Partners Financial LLC acquired a new position in ProShares UltraPro QQQ during the fourth quarter worth $47,000. Columbia River Financial Group LLC bought a new stake in ProShares UltraPro QQQ during the first quarter worth about $47,000. Clear Investment Research LLC increased its holdings in shares of ProShares UltraPro QQQ by 83.3% during the fourth quarter. Clear Investment Research LLC now owns 1,054 shares of the exchange traded fund's stock worth $83,000 after buying an additional 479 shares in the last quarter. Wolff Wiese Magana LLC bought a new position in shares of ProShares UltraPro QQQ in the first quarter valued at approximately $94,000. Finally, Beacon Capital Management LLC boosted its holdings in shares of ProShares UltraPro QQQ by 32.8% in the 1st quarter. Beacon Capital Management LLC now owns 1,823 shares of the exchange traded fund's stock worth $104,000 after acquiring an additional 450 shares in the last quarter.
ProShares UltraPro QQQ Trading Up 1.1%
NASDAQ TQQQ traded up $0.89 during trading hours on Monday, reaching $84.61. 48,394,374 shares of the company's stock were exchanged, compared to its average volume of 87,318,344. The firm has a fifty day moving average of $73.32 and a 200-day moving average of $70.51. ProShares UltraPro QQQ has a one year low of $35.00 and a one year high of $93.79. The stock has a market cap of $27.24 billion, a PE ratio of 38.25 and a beta of 3.45.
ProShares UltraPro QQQ Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Wednesday, June 25th were paid a $0.2183 dividend. The ex-dividend date was Wednesday, June 25th. This represents a $0.87 dividend on an annualized basis and a yield of 1.03%. This is a positive change from ProShares UltraPro QQQ's previous quarterly dividend of $0.20.
ProShares UltraPro QQQ Profile
(
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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