Discipline Wealth Solutions LLC reduced its stake in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 18.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 18,992 shares of the exchange traded fund's stock after selling 4,426 shares during the period. ProShares UltraPro QQQ comprises 0.7% of Discipline Wealth Solutions LLC's investment portfolio, making the stock its 24th biggest position. Discipline Wealth Solutions LLC's holdings in ProShares UltraPro QQQ were worth $1,503,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently modified their holdings of TQQQ. PayPay Securities Corp raised its stake in ProShares UltraPro QQQ by 119.3% in the 4th quarter. PayPay Securities Corp now owns 500 shares of the exchange traded fund's stock valued at $40,000 after acquiring an additional 272 shares during the period. Cary Street Partners Financial LLC purchased a new position in shares of ProShares UltraPro QQQ in the fourth quarter worth about $47,000. Clear Investment Research LLC raised its position in shares of 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 valued at $83,000 after purchasing an additional 479 shares during the period. Beacon Capital Management LLC purchased a new stake in shares of ProShares UltraPro QQQ during the 4th quarter valued at approximately $109,000. Finally, Sepio Capital LP purchased a new stake in shares of ProShares UltraPro QQQ during the 4th quarter valued at approximately $201,000.
ProShares UltraPro QQQ Stock Performance
ProShares UltraPro QQQ stock traded down $1.37 during mid-day trading on Friday, reaching $69.00. The company's stock had a trading volume of 93,310,203 shares, compared to its average volume of 67,898,860. The firm's fifty day moving average price is $57.10 and its two-hundred day moving average price is $71.77. ProShares UltraPro QQQ has a 12-month low of $35.00 and a 12-month high of $93.79. The company has a market capitalization of $26.72 billion, a P/E ratio of 32.04 and a beta of 3.45.
ProShares UltraPro QQQ Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 26th were issued a $0.1977 dividend. This represents a $0.79 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date was Wednesday, March 26th.
ProShares UltraPro QQQ Profile
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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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