ProShares UltraPro QQQ $TQQQ Shares Bought by Parallel Advisors LLC

Key Points

• Parallel Advisors LLC increased its stake in ProShares UltraPro QQQ by 140.8%, acquiring an additional 7,961 shares in the second quarter, bringing its total holdings to 13,615 shares valued at $1,130,000.
• ProShares UltraPro QQQ has declared a quarterly dividend of $0.2183, representing an annualized dividend of $0.87 with a yield of 0.9%, which is an increase from the prior dividend of $0.20.
• The fund aims for triple (300%) the daily performance of the NASDAQ-100 Index, operating with a market capitalization of $30.31 billion and a current stock price of $98.33.

Parallel Advisors LLC lifted its stake in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 140.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,615 shares of the exchange traded fund's stock after acquiring an additional 7,961 shares during the quarter. Parallel Advisors LLC's holdings in ProShares UltraPro QQQ were worth $1,130,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. MRP Capital Investments LLC acquired a new position in shares of ProShares UltraPro QQQ during the first quarter valued at approximately $29,000. Columbia River Financial Group LLC acquired a new position in shares of ProShares UltraPro QQQ during the first quarter valued at approximately $47,000. Wolff Wiese Magana LLC acquired a new position in shares of ProShares UltraPro QQQ during the first quarter valued at approximately $94,000. Beacon Capital Management LLC increased its stake in shares of 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 valued at $104,000 after acquiring an additional 450 shares during the period. Finally, Menard Financial Group LLC acquired a new position in shares of ProShares UltraPro QQQ during the fourth quarter valued at approximately $146,000.

ProShares UltraPro QQQ Price Performance

NASDAQ TQQQ opened at $98.33 on Thursday. ProShares UltraPro QQQ has a 12 month low of $35.00 and a 12 month high of $99.81. The firm has a market capitalization of $30.31 billion, a PE ratio of 38.25 and a beta of 3.45. The company's 50 day simple moving average is $90.16 and its 200 day simple moving average is $73.23.

ProShares UltraPro QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Wednesday, June 25th were given a $0.2183 dividend. This represents a $0.87 annualized dividend and a yield of 0.9%. This is a positive change from ProShares UltraPro QQQ's previous quarterly dividend of $0.20. The ex-dividend date was Wednesday, June 25th.

ProShares UltraPro QQQ Company 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.

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