Axxcess Wealth Management LLC grew its stake in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 114.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,375 shares of the exchange traded fund's stock after buying an additional 14,076 shares during the quarter. Axxcess Wealth Management LLC's holdings in ProShares UltraPro QQQ were worth $1,511,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Richmond Brothers Inc. lifted its position in shares of ProShares UltraPro QQQ by 1.9% in the fourth quarter. Richmond Brothers Inc. now owns 8,817 shares of the exchange traded fund's stock worth $698,000 after purchasing an additional 163 shares in the last quarter. Family Capital Management Inc. raised its position in ProShares UltraPro QQQ by 5.0% during the first quarter. Family Capital Management Inc. now owns 4,428 shares of the exchange traded fund's stock worth $254,000 after acquiring an additional 210 shares in the last quarter. Parallel Advisors LLC raised its position in ProShares UltraPro QQQ by 5.1% during the first quarter. Parallel Advisors LLC now owns 5,654 shares of the exchange traded fund's stock worth $324,000 after acquiring an additional 274 shares in the last quarter. Golden State Equity Partners raised its position in ProShares UltraPro QQQ by 8.3% during the first quarter. Golden State Equity Partners now owns 4,355 shares of the exchange traded fund's stock worth $250,000 after acquiring an additional 332 shares in the last quarter. Finally, Beacon Capital Management LLC raised its position in ProShares UltraPro QQQ by 32.8% during the first quarter. Beacon Capital Management LLC now owns 1,823 shares of the exchange traded fund's stock worth $104,000 after acquiring an additional 450 shares in the last quarter.
ProShares UltraPro QQQ Price Performance
NASDAQ TQQQ traded up $0.89 on Monday, hitting $84.61. 48,283,453 shares of the stock were exchanged, compared to its average volume of 70,297,494. The business's fifty day moving average is $73.32 and its 200 day moving average is $70.51. ProShares UltraPro QQQ has a 52 week low of $35.00 and a 52 week high of $93.79. The company has a market capitalization of $27.24 billion, a PE ratio of 38.25 and a beta of 3.45.
ProShares UltraPro QQQ Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Wednesday, June 25th were given a dividend of $0.2183 per share. This is a positive change from ProShares UltraPro QQQ's previous quarterly dividend of $0.20. This represents a $0.87 annualized dividend and a yield of 1.03%. The ex-dividend date was Wednesday, June 25th.
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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