NFP Retirement Inc. Purchases 3,403 Shares of ProShares UltraPro QQQ $TQQQ

Key Points

• NFP Retirement Inc. increased its stake in ProShares UltraPro QQQ by 70.8%, purchasing an additional 3,403 shares, bringing its total to 8,211 shares valued at approximately $470,000.
• ProShares UltraPro QQQ recently declared a quarterly dividend of $0.2183 per share, an increase from the previous dividend of $0.20, marking a 0.9% dividend yield.
• The stock of ProShares UltraPro QQQ opened at $94.86, with a significant market cap of $29.24 billion and a notable P/E ratio of 38.25.

NFP Retirement Inc. lifted its position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 70.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 8,211 shares of the exchange traded fund's stock after acquiring an additional 3,403 shares during the quarter. NFP Retirement Inc.'s holdings in ProShares UltraPro QQQ were worth $470,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the stock. Family Capital Management Inc. raised its holdings in shares of ProShares UltraPro QQQ by 5.0% during the 1st quarter. Family Capital Management Inc. now owns 4,428 shares of the exchange traded fund's stock valued at $254,000 after buying an additional 210 shares in the last quarter. Parallel Advisors LLC raised its holdings in shares of ProShares UltraPro QQQ by 5.1% during the 1st quarter. Parallel Advisors LLC now owns 5,654 shares of the exchange traded fund's stock valued at $324,000 after buying an additional 274 shares in the last quarter. Edgestream Partners L.P. raised its holdings in shares of ProShares UltraPro QQQ by 1.1% during the 1st quarter. Edgestream Partners L.P. now owns 26,419 shares of the exchange traded fund's stock valued at $1,514,000 after buying an additional 285 shares in the last quarter. Golden State Equity Partners raised its holdings in shares of ProShares UltraPro QQQ by 8.3% during the 1st quarter. Golden State Equity Partners now owns 4,355 shares of the exchange traded fund's stock valued at $250,000 after buying an additional 332 shares in the last quarter. Finally, Mayflower Financial Advisors LLC raised its holdings in shares of ProShares UltraPro QQQ by 11.8% during the 1st quarter. Mayflower Financial Advisors LLC now owns 3,515 shares of the exchange traded fund's stock valued at $201,000 after buying an additional 370 shares in the last quarter.

ProShares UltraPro QQQ Stock Down 0.1%

Shares of TQQQ traded down $0.12 during mid-day trading on Monday, hitting $93.14. 36,330,406 shares of the company's stock traded hands, compared to its average volume of 82,860,219. ProShares UltraPro QQQ has a 1 year low of $35.00 and a 1 year high of $96.32. The firm has a market capitalization of $28.71 billion, a P/E ratio of 38.25 and a beta of 3.45. The business's 50-day moving average price is $83.83 and its 200-day moving average price is $71.76.

ProShares UltraPro QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Wednesday, June 25th were paid a dividend of $0.2183 per share. This represents a $0.87 annualized dividend and a dividend yield of 0.9%. This is a boost from ProShares UltraPro QQQ's previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Wednesday, June 25th.

ProShares UltraPro QQQ Company 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.