PMV Capital Advisers LLC raised its holdings in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 202.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,817 shares of the exchange traded fund's stock after buying an additional 7,241 shares during the period. ProShares UltraPro QQQ comprises approximately 1.5% of PMV Capital Advisers LLC's investment portfolio, making the stock its 13th biggest holding. PMV Capital Advisers LLC's holdings in ProShares UltraPro QQQ were worth $620,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the business. 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 acquired a new position in shares of ProShares UltraPro QQQ in the first quarter valued at approximately $118,000.
ProShares UltraPro QQQ Stock Performance
Shares of NASDAQ TQQQ traded up $0.79 during trading hours on Friday, reaching $81.42. 72,766,712 shares of the stock were exchanged, compared to its average volume of 69,805,170. The firm has a market capitalization of $31.53 billion, a price-to-earnings ratio of 38.25 and a beta of 3.45. The stock's fifty day simple moving average is $67.05 and its 200 day simple moving average is $71.00. ProShares UltraPro QQQ has a 52 week low of $35.00 and a 52 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 issued a $0.2183 dividend. This represents a $0.87 dividend on an annualized basis and a yield of 1.07%. This is a positive change from ProShares UltraPro QQQ's previous quarterly dividend of $0.20. The ex-dividend date of this dividend 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.
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