PPSC Investment Service Corp lifted its holdings in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 16.3% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 519,345 shares of the exchange traded fund's stock after purchasing an additional 72,930 shares during the period. ProShares UltraPro QQQ comprises 3.4% of PPSC Investment Service Corp's holdings, making the stock its 5th biggest position. PPSC Investment Service Corp owned 0.13% of ProShares UltraPro QQQ worth $29,758,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of TQQQ. TB Alternative Assets Ltd. bought a new position in ProShares UltraPro QQQ in the first quarter worth approximately $26,495,000. Paragon Advisors LLC increased 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 valued at $18,509,000 after acquiring an additional 144,755 shares during the period. Orion Portfolio Solutions LLC raised its position in shares of ProShares UltraPro QQQ by 7.0% in the 4th quarter. Orion Portfolio Solutions LLC now owns 157,596 shares of the exchange traded fund's stock worth $12,471,000 after acquiring an additional 10,284 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of ProShares UltraPro QQQ during the 4th quarter worth $9,970,000. Finally, Finward Bancorp bought a new stake in ProShares UltraPro QQQ during the fourth quarter valued at about $8,775,000.
ProShares UltraPro QQQ Stock Performance
TQQQ traded down $0.15 on Wednesday, hitting $73.42. The company had a trading volume of 70,594,274 shares, compared to its average volume of 91,125,336. The stock has a market capitalization of $28.43 billion, a price-to-earnings ratio of 38.25 and a beta of 3.45. The stock has a fifty day moving average price of $62.44 and a 200-day moving average price of $71.38. ProShares UltraPro QQQ has a 12-month low of $35.00 and a 12-month high of $93.79.
ProShares UltraPro QQQ Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 26th were given a $0.1977 dividend. This represents a $0.79 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date was Wednesday, March 26th.
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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