Q3 Asset Management Buys Shares of 24,105 ProShares UltraPro QQQ (NASDAQ:TQQQ)

Q3 Asset Management bought a new position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 24,105 shares of the exchange traded fund's stock, valued at approximately $1,381,000. ProShares UltraPro QQQ accounts for about 0.9% of Q3 Asset Management's investment portfolio, making the stock its 24th largest holding.

Other institutional investors and hedge funds also recently modified their holdings of the company. Cary Street Partners Financial LLC acquired a new stake in shares of ProShares UltraPro QQQ during the fourth quarter worth $47,000. Columbia River Financial Group LLC acquired a new stake in shares of ProShares UltraPro QQQ during the first quarter worth $47,000. Clear Investment Research LLC raised its position in shares of ProShares UltraPro QQQ by 83.3% during the fourth quarter. Clear Investment Research LLC now owns 1,054 shares of the exchange traded fund's stock worth $83,000 after purchasing an additional 479 shares during the period. Wolff Wiese Magana LLC acquired a new stake in shares of ProShares UltraPro QQQ during the first quarter worth $94,000. 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 valued at $104,000 after buying an additional 450 shares during the period.

ProShares UltraPro QQQ Stock Performance

NASDAQ:TQQQ traded down $0.64 during trading hours on Friday, hitting $83.72. 53,297,205 shares of the company's stock traded hands, compared to its average volume of 70,385,708. The firm has a market cap of $26.95 billion, a P/E ratio of 38.25 and a beta of 3.45. ProShares UltraPro QQQ has a twelve month low of $35.00 and a twelve month high of $93.79. The stock's fifty day moving average price is $73.32 and its two-hundred day moving average price is $70.63.

ProShares UltraPro QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Wednesday, June 25th were given a dividend of $0.2183 per share. This represents a $0.87 annualized dividend and a yield of 1.04%. This is a positive change from ProShares UltraPro QQQ's previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Wednesday, June 25th.

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.