MADDEN SECURITIES Corp bought a new stake in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 38,200 shares of the exchange traded fund's stock, valued at approximately $2,189,000.
Several other large investors have also recently bought and sold shares of the stock. TB Alternative Assets Ltd. acquired a new position in ProShares UltraPro QQQ during the 1st quarter valued at $26,495,000. PPSC Investment Service Corp raised its stake in ProShares UltraPro QQQ by 17.5% during the 4th quarter. PPSC Investment Service Corp now owns 446,415 shares of the exchange traded fund's stock valued at $35,325,000 after purchasing an additional 66,582 shares during the last quarter. Orion Portfolio Solutions LLC raised its stake in ProShares UltraPro QQQ by 7.0% during the 4th quarter. Orion Portfolio Solutions LLC now owns 157,596 shares of the exchange traded fund's stock valued at $12,471,000 after purchasing an additional 10,284 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in ProShares UltraPro QQQ during the 4th quarter valued at $9,970,000. Finally, Finward Bancorp acquired a new position in ProShares UltraPro QQQ during the 4th quarter valued at $8,775,000.
ProShares UltraPro QQQ Trading Down 3.8%
NASDAQ:TQQQ traded down $2.86 during trading hours on Friday, hitting $72.83. 105,037,814 shares of the company traded hands, compared to its average volume of 68,899,095. The stock has a market capitalization of $28.20 billion, a price-to-earnings ratio of 38.25 and a beta of 3.45. ProShares UltraPro QQQ has a twelve month low of $35.00 and a twelve month high of $93.79. The firm has a 50-day moving average of $61.28 and a 200 day moving average of $71.48.
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 paid a dividend of $0.1977 per share. This represents a $0.79 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend was Wednesday, March 26th.
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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