World Equity Group Inc. decreased its stake in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 9.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 43,600 shares of the exchange traded fund's stock after selling 4,416 shares during the quarter. World Equity Group Inc.'s holdings in ProShares UltraPro QQQ were worth $2,498,000 as of its most recent filing with the SEC.
Other institutional investors have also made changes to their positions in the company. Cary Street Partners Financial LLC acquired a new stake in shares of ProShares UltraPro QQQ during the 4th quarter valued at about $47,000. Clear Investment Research LLC boosted its position in shares of ProShares UltraPro QQQ by 83.3% during 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 in the last quarter. Beacon Capital Management LLC boosted its position in shares of ProShares UltraPro QQQ by 32.8% during the 1st quarter. Beacon Capital Management LLC now owns 1,823 shares of the exchange traded fund's stock valued at $104,000 after acquiring an additional 450 shares in the last quarter. Menard Financial Group LLC acquired a new position in ProShares UltraPro QQQ in the fourth quarter valued at about $146,000. Finally, Sepio Capital LP acquired a new position in ProShares UltraPro QQQ in the fourth quarter valued at about $201,000.
ProShares UltraPro QQQ Stock Down 1.4%
NASDAQ:TQQQ traded down $1.01 on Friday, reaching $72.45. The stock had a trading volume of 81,396,596 shares, compared to its average volume of 69,464,344. The company has a market capitalization of $28.06 billion, a P/E ratio of 38.25 and a beta of 3.45. ProShares UltraPro QQQ has a 1-year low of $35.00 and a 1-year high of $93.79. The stock has a fifty day moving average price of $63.88 and a 200-day moving average price of $71.05.
ProShares UltraPro QQQ Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Wednesday, March 26th were paid a dividend of $0.1977 per share. This represents a $0.79 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend 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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