Ameliora Wealth Management Ltd. Purchases 9,856 Shares of ProShares UltraPro QQQ (NASDAQ:TQQQ)

Ameliora Wealth Management Ltd. lifted its holdings in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 199.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,795 shares of the exchange traded fund's stock after acquiring an additional 9,856 shares during the quarter. Ameliora Wealth Management Ltd.'s holdings in ProShares UltraPro QQQ were worth $848,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. PayPay Securities Corp raised its holdings in ProShares UltraPro QQQ by 119.3% in the fourth quarter. PayPay Securities Corp now owns 500 shares of the exchange traded fund's stock worth $40,000 after purchasing an additional 272 shares in the last quarter. Cary Street Partners Financial LLC bought a new position in ProShares UltraPro QQQ in the fourth quarter worth $47,000. Clear Investment Research LLC raised its holdings in ProShares UltraPro QQQ by 83.3% in the fourth quarter. Clear Investment Research LLC now owns 1,054 shares of the exchange traded fund's stock worth $83,000 after purchasing an additional 479 shares in the last quarter. Beacon Capital Management LLC bought a new position in ProShares UltraPro QQQ in the fourth quarter worth $109,000. Finally, Menard Financial Group LLC bought a new position in ProShares UltraPro QQQ in the fourth quarter worth $146,000.

ProShares UltraPro QQQ Trading Down 3.8%

TQQQ traded down $2.86 during trading on Friday, reaching $72.83. The stock had a trading volume of 105,037,814 shares, compared to its average volume of 68,899,095. The stock's 50 day moving average is $61.28 and its two-hundred day moving average is $71.48. The company has a market capitalization of $28.20 billion, a price-to-earnings ratio of 38.25 and a beta of 3.45. ProShares UltraPro QQQ has a one year low of $35.00 and a one year high of $93.79.

ProShares UltraPro QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 26th were issued a $0.1977 dividend. The ex-dividend date of this dividend was Wednesday, March 26th. This represents a $0.79 dividend on an annualized basis and a yield of 1.09%.

ProShares UltraPro QQQ Company 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.