PMV Capital Advisers LLC increased its position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 202.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,817 shares of the exchange traded fund's stock after purchasing an additional 7,241 shares during the quarter. ProShares UltraPro QQQ makes up about 1.5% of PMV Capital Advisers LLC's holdings, making the stock its 13th biggest position. PMV Capital Advisers LLC's holdings in ProShares UltraPro QQQ were worth $620,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. TB Alternative Assets Ltd. purchased a new position in ProShares UltraPro QQQ in the first quarter valued at about $26,495,000. Paragon Advisors LLC raised its holdings in shares of ProShares UltraPro QQQ by 81.2% in the 1st quarter. Paragon Advisors LLC now owns 323,011 shares of the exchange traded fund's stock worth $18,509,000 after purchasing an additional 144,755 shares during the period. SBI Securities Co. Ltd. purchased a new position in ProShares UltraPro QQQ in the fourth quarter valued at approximately $9,970,000. Finward Bancorp purchased a new position in shares of ProShares UltraPro QQQ during the 4th quarter valued at $8,775,000. Finally, Charles Schwab Trust Co purchased a new stake in ProShares UltraPro QQQ in the 1st quarter worth about $4,768,000.
ProShares UltraPro QQQ Stock Performance
NASDAQ TQQQ traded up $2.15 during trading on Thursday, hitting $80.63. 49,282,538 shares of the company's stock traded hands, compared to its average volume of 69,661,289. 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 12-month low of $35.00 and a 12-month high of $93.79. The business has a 50 day moving average of $65.61 and a 200-day moving average of $71.06.
ProShares UltraPro QQQ Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Wednesday, June 25th will be paid a $0.2183 dividend. This represents a $0.87 dividend on an annualized basis and a yield of 1.08%. This is a positive change from ProShares UltraPro QQQ's previous quarterly dividend of $0.20. The ex-dividend date is Wednesday, June 25th.
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.
See Also
Before you consider ProShares UltraPro QQQ, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ProShares UltraPro QQQ wasn't on the list.
While ProShares UltraPro QQQ currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
