Park Capital Management LLC WI bought a new position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 6,642 shares of the exchange traded fund's stock, valued at approximately $381,000.
Several other institutional investors also recently made changes to their positions in the stock. Wolff Wiese Magana LLC purchased a new stake in shares of ProShares UltraPro QQQ during the 1st quarter worth $94,000. Canton Hathaway LLC purchased a new stake in shares of ProShares UltraPro QQQ in the 1st quarter worth about $118,000. Castleview Partners LLC boosted its position in shares of ProShares UltraPro QQQ by 150.4% in the 1st quarter. Castleview Partners LLC now owns 31,845 shares of the exchange traded fund's stock worth $1,825,000 after buying an additional 19,128 shares in the last quarter. Davies Financial Advisors Inc. purchased a new stake in shares of ProShares UltraPro QQQ in the 1st quarter worth about $498,000. Finally, Beacon Capital Management LLC boosted 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 buying an additional 450 shares in the last quarter.
ProShares UltraPro QQQ Stock Down 1.4%
ProShares UltraPro QQQ stock opened at $72.45 on Monday. ProShares UltraPro QQQ has a 52 week low of $35.00 and a 52 week high of $93.79. The firm's 50-day simple moving average is $63.88 and its 200 day simple moving average is $71.05. The firm has a market capitalization of $28.06 billion, a PE ratio of 38.25 and a beta of 3.45.
ProShares UltraPro QQQ Cuts Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Wednesday, March 26th were given a $0.1977 dividend. The ex-dividend date of this dividend was Wednesday, March 26th. This represents a $0.79 annualized dividend and a dividend yield of 1.09%.
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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Want to see what other hedge funds are holding TQQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report).
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