Meridian Wealth Management LLC bought a new stake in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 3,514 shares of the exchange traded fund's stock, valued at approximately $201,000.
A number of other hedge funds have also recently bought and sold shares of TQQQ. MRP Capital Investments LLC acquired a new stake in ProShares UltraPro QQQ during the 1st quarter valued at approximately $29,000. Cary Street Partners Financial LLC acquired a new stake in ProShares UltraPro QQQ during the 4th quarter valued at approximately $47,000. Columbia River Financial Group LLC acquired a new position in shares of ProShares UltraPro QQQ in the 1st quarter worth approximately $47,000. Wolff Wiese Magana LLC acquired a new position in shares of ProShares UltraPro QQQ in the 1st quarter worth approximately $94,000. Finally, Beacon Capital Management LLC grew its position 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 Stock Down 1.4%
Shares of TQQQ traded down $1.34 during mid-day trading on Friday, hitting $93.26. The stock had a trading volume of 47,800,857 shares, compared to its average volume of 83,158,969. The company has a market cap of $28.74 billion, a PE ratio of 38.25 and a beta of 3.45. The company's fifty day simple moving average is $83.83 and its two-hundred day simple moving average is $71.84. ProShares UltraPro QQQ has a fifty-two week low of $35.00 and a fifty-two week high of $96.32.
ProShares UltraPro QQQ Increases Dividend
The company also recently announced 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 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Wednesday, June 25th. This is a positive change 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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