Park Capital Management LLC WI Makes New Investment in ProShares UltraPro QQQ (NASDAQ:TQQQ)

Park Capital Management LLC WI 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 6,642 shares of the exchange traded fund's stock, valued at approximately $381,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cary Street Partners Financial LLC acquired a new stake in shares of ProShares UltraPro QQQ during the 4th quarter worth about $47,000. Clear Investment Research LLC raised its holdings in ProShares UltraPro QQQ by 83.3% in the 4th quarter. Clear Investment Research LLC now owns 1,054 shares of the exchange traded fund's stock valued at $83,000 after acquiring an additional 479 shares during the period. Wolff Wiese Magana LLC acquired a new stake in ProShares UltraPro QQQ during the first quarter worth approximately $94,000. Beacon Capital Management LLC boosted its holdings in shares of ProShares UltraPro QQQ by 32.8% during the first 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 during the period. Finally, Canton Hathaway LLC bought a new position in shares of ProShares UltraPro QQQ during the first quarter worth approximately $118,000.

ProShares UltraPro QQQ Stock Performance

NASDAQ:TQQQ traded up $2.15 during mid-day trading on Thursday, hitting $80.63. 49,282,538 shares of the stock were exchanged, compared to its average volume of 69,661,289. The firm's 50-day simple moving average is $66.32 and its 200 day simple moving average is $71.03. The stock has a market capitalization of $31.22 billion, a price-to-earnings ratio of 38.25 and a beta of 3.45. ProShares UltraPro QQQ has a fifty-two week low of $35.00 and a fifty-two week high of $93.79.

ProShares UltraPro QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Wednesday, June 25th will be given a dividend of $0.2183 per share. This is a boost from ProShares UltraPro QQQ's previous quarterly dividend of $0.20. The ex-dividend date is Wednesday, June 25th. This represents a $0.87 annualized dividend and a yield of 1.08%.

ProShares UltraPro QQQ 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.