PMV Capital Advisers LLC Grows Stock Position in ProShares UltraPro QQQ $TQQQ

Key Points

• PMV Capital Advisers LLC increased its stake in ProShares UltraPro QQQ (TQQQ) by 40.4%, now owning 15,182 shares worth approximately $1.26 million.
• The ProShares UltraPro QQQ recently announced a quarterly dividend of $0.2183, reflecting an increase from its previous dividend and an annualized yield of 0.9%.
• As of the latest reports, shares of TQQQ have seen a 2.7% increase, with a current market price of $100.98.

PMV Capital Advisers LLC raised its stake in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 40.4% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 15,182 shares of the exchange traded fund's stock after acquiring an additional 4,365 shares during the period. ProShares UltraPro QQQ makes up approximately 2.8% of PMV Capital Advisers LLC's holdings, making the stock its 11th biggest position. PMV Capital Advisers LLC's holdings in ProShares UltraPro QQQ were worth $1,260,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. MRP Capital Investments LLC bought a new position in ProShares UltraPro QQQ during the 1st quarter valued at about $29,000. Columbia River Financial Group LLC purchased a new stake in shares of ProShares UltraPro QQQ during the 1st quarter valued at about $47,000. Wolff Wiese Magana LLC purchased a new stake in shares of ProShares UltraPro QQQ during the 1st quarter valued at about $94,000. Beacon Capital Management LLC increased 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 purchasing an additional 450 shares during the last quarter. Finally, Canton Hathaway LLC purchased a new stake in shares of ProShares UltraPro QQQ during the 1st quarter valued at about $118,000.

ProShares UltraPro QQQ Stock Performance

Shares of NASDAQ TQQQ traded up $1.85 during midday trading on Monday, hitting $104.83. 36,867,585 shares of the company's stock traded hands, compared to its average volume of 79,140,359. ProShares UltraPro QQQ has a 1 year low of $35.00 and a 1 year high of $105.08. The stock has a market capitalization of $32.31 billion, a price-to-earnings ratio of 38.25 and a beta of 3.45. The firm has a fifty day moving average of $90.88 and a 200 day moving average of $73.74.

ProShares UltraPro QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Wednesday, June 25th were given a dividend of $0.2183 per share. This represents a $0.87 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Wednesday, June 25th. This is an increase from ProShares UltraPro QQQ's previous quarterly dividend of $0.20.

About ProShares UltraPro QQQ

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.