BXM Wealth LLC raised its stake in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 41.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 39,302 shares of the exchange traded fund's stock after buying an additional 11,488 shares during the period. ProShares UltraPro QQQ comprises approximately 2.7% of BXM Wealth LLC's holdings, making the stock its 7th largest position. BXM Wealth LLC's holdings in ProShares UltraPro QQQ were worth $2,250,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in TQQQ. TB Alternative Assets Ltd. bought a new position in ProShares UltraPro QQQ in the 1st quarter worth $26,495,000. WT Asset Management Ltd bought a new position in ProShares UltraPro QQQ in the 1st quarter worth $21,201,000. Avidian Wealth Enterprises LLC boosted its holdings in ProShares UltraPro QQQ by 103.9% in the 1st quarter. Avidian Wealth Enterprises LLC now owns 366,450 shares of the exchange traded fund's stock worth $20,998,000 after buying an additional 186,716 shares during the period. Paragon Advisors LLC boosted its holdings in 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 buying an additional 144,755 shares during the period. Finally, Finward Bancorp bought a new position in ProShares UltraPro QQQ in the 4th quarter worth $8,775,000.
ProShares UltraPro QQQ Trading Down 0.8%
ProShares UltraPro QQQ stock traded down $0.64 during mid-day trading on Friday, hitting $83.72. The stock had a trading volume of 53,297,205 shares, compared to its average volume of 70,306,202. The firm has a market capitalization of $26.95 billion, a P/E ratio of 38.25 and a beta of 3.45. The firm's 50 day moving average is $73.32 and its 200 day moving average is $70.75. ProShares UltraPro QQQ has a one year low of $35.00 and a one year high of $93.79.
ProShares UltraPro QQQ Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Wednesday, June 25th were issued a dividend of $0.2183 per share. This represents a $0.87 annualized dividend and a dividend yield of 1.04%. The ex-dividend date was Wednesday, June 25th. This is an increase from ProShares UltraPro QQQ's previous quarterly dividend of $0.20.
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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