Marshall Financial Group LLC purchased a new position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 7,473 shares of the exchange traded fund's stock, valued at approximately $428,000.
A number of other institutional investors also recently made changes to their positions in TQQQ. SVB Wealth LLC bought a new position in shares of ProShares UltraPro QQQ in the 4th quarter worth about $791,000. Raymond James Financial Inc. bought a new position in shares of ProShares UltraPro QQQ during the 4th quarter worth approximately $364,000. Chung Wu Investment Group LLC bought a new stake in shares of ProShares UltraPro QQQ in the 4th quarter worth approximately $983,000. LPL Financial LLC raised its holdings in shares of ProShares UltraPro QQQ by 15.5% in the 4th quarter. LPL Financial LLC now owns 71,975 shares of the exchange traded fund's stock worth $5,695,000 after purchasing an additional 9,684 shares during the period. Finally, Envestnet Asset Management Inc. bought a new stake in ProShares UltraPro QQQ during the 4th quarter valued at $390,000.
ProShares UltraPro QQQ Stock Down 3.8%
NASDAQ:TQQQ traded down $2.86 during midday trading on Friday, hitting $72.83. The company had a trading volume of 105,037,814 shares, compared to its average volume of 69,032,321. ProShares UltraPro QQQ has a 52-week low of $35.00 and a 52-week high of $93.79. The stock's fifty day moving average price is $61.28 and its 200-day moving average price is $71.44. The company has a market capitalization of $28.20 billion, a PE ratio of 38.25 and a beta of 3.45.
ProShares UltraPro QQQ Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 26th were paid a dividend of $0.1977 per share. This represents a $0.79 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend was Wednesday, March 26th.
ProShares UltraPro QQQ Company 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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