ProShares UltraPro QQQ (NASDAQ:TQQQ) Shares Bought by Paragon Advisors LLC

Paragon Advisors LLC boosted its position in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 81.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 323,011 shares of the exchange traded fund's stock after acquiring an additional 144,755 shares during the quarter. ProShares UltraPro QQQ accounts for 7.0% of Paragon Advisors LLC's holdings, making the stock its 2nd largest holding. Paragon Advisors LLC owned 0.08% of ProShares UltraPro QQQ worth $18,509,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in TQQQ. TB Alternative Assets Ltd. bought a new position in shares of ProShares UltraPro QQQ in the first quarter worth about $26,495,000. SBI Securities Co. Ltd. acquired a new position in ProShares UltraPro QQQ during the 4th quarter worth approximately $9,970,000. Finward Bancorp acquired a new position in ProShares UltraPro QQQ during the 4th quarter worth approximately $8,775,000. Charles Schwab Trust Co bought a new position in ProShares UltraPro QQQ in the 1st quarter valued at approximately $4,768,000. Finally, PPSC Investment Service Corp boosted its position in ProShares UltraPro QQQ by 17.5% in the fourth quarter. PPSC Investment Service Corp now owns 446,415 shares of the exchange traded fund's stock valued at $35,325,000 after buying an additional 66,582 shares in the last quarter.

ProShares UltraPro QQQ Stock Down 3.8%

Shares of NASDAQ TQQQ traded down $2.86 during midday trading on Friday, reaching $72.83. 105,037,814 shares of the company were exchanged, compared to its average volume of 68,899,095. The stock's 50-day moving average price is $61.28 and its 200-day moving average price is $71.48. The stock has a market cap of $28.20 billion, a P/E 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. Investors of record on Wednesday, March 26th were given a dividend of $0.1977 per share. The ex-dividend date was Wednesday, March 26th. This represents a $0.79 dividend on an annualized basis and a yield of 1.09%.

ProShares UltraPro QQQ 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.