ProShares UltraPro QQQ (NASDAQ:TQQQ) Shares Purchased by Lauer Wealth LLC

Lauer Wealth LLC increased its stake in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 132.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,865 shares of the exchange traded fund's stock after buying an additional 6,198 shares during the period. ProShares UltraPro QQQ comprises 0.5% of Lauer Wealth LLC's portfolio, making the stock its 27th largest holding. Lauer Wealth LLC's holdings in ProShares UltraPro QQQ were worth $596,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Cary Street Partners Financial LLC purchased a new stake in shares of ProShares UltraPro QQQ in the fourth quarter valued at about $47,000. Columbia River Financial Group LLC purchased a new stake in shares of ProShares UltraPro QQQ in the first quarter valued at about $47,000. Clear Investment Research LLC lifted its holdings in shares of 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 in the last quarter. Wolff Wiese Magana LLC purchased a new stake in shares of ProShares UltraPro QQQ in the first quarter valued at about $94,000. Finally, Beacon Capital Management LLC lifted its holdings in shares of ProShares UltraPro QQQ by 32.8% in the first quarter. Beacon Capital Management LLC now owns 1,823 shares of the exchange traded fund's stock valued at $104,000 after purchasing an additional 450 shares in the last quarter.

ProShares UltraPro QQQ Price Performance

Shares of NASDAQ TQQQ traded up $1.98 on Thursday, hitting $87.05. The company's stock had a trading volume of 48,184,038 shares, compared to its average volume of 70,399,924. ProShares UltraPro QQQ has a 12-month low of $35.00 and a 12-month high of $93.79. The company has a market capitalization of $28.23 billion, a price-to-earnings ratio of 38.25 and a beta of 3.45. The stock has a 50 day moving average of $75.52 and a 200-day moving average of $70.74.

ProShares UltraPro QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Wednesday, June 25th were given a $0.2183 dividend. This represents a $0.87 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend was Wednesday, June 25th. This is a positive change from ProShares UltraPro QQQ's previous quarterly dividend of $0.20.

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.