SBI Securities Co. Ltd. boosted its position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 24.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 156,260 shares of the exchange traded fund's stock after buying an additional 30,266 shares during the period. SBI Securities Co. Ltd.'s holdings in ProShares UltraPro QQQ were worth $8,954,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Raymond James Financial Inc. acquired a new stake in shares of ProShares UltraPro QQQ in the 4th quarter worth $364,000. Independent Advisor Alliance acquired a new position in shares of ProShares UltraPro QQQ during the 4th quarter worth approximately $220,000. HighTower Advisors LLC lifted its holdings in ProShares UltraPro QQQ by 38.6% in the fourth quarter. HighTower Advisors LLC now owns 17,168 shares of the exchange traded fund's stock valued at $1,358,000 after acquiring an additional 4,779 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in ProShares UltraPro QQQ by 111.3% in the fourth quarter. Farther Finance Advisors LLC now owns 3,256 shares of the exchange traded fund's stock valued at $258,000 after acquiring an additional 1,715 shares during the last quarter. Finally, GWN Securities Inc. acquired a new position in ProShares UltraPro QQQ during the fourth quarter worth $331,000.
ProShares UltraPro QQQ Price Performance
Shares of NASDAQ TQQQ traded up $1.98 during mid-day trading on Thursday, hitting $87.05. The company had a trading volume of 48,184,038 shares, compared to its average volume of 70,399,924. The company has a market capitalization of $28.23 billion, a PE ratio of 38.25 and a beta of 3.45. ProShares UltraPro QQQ has a 1-year low of $35.00 and a 1-year high of $93.79. The business's 50-day simple moving average is $75.52 and its 200 day simple moving average is $70.74.
ProShares UltraPro QQQ Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Wednesday, June 25th were issued a dividend of $0.2183 per share. This is a positive change from ProShares UltraPro QQQ's previous quarterly dividend of $0.20. The ex-dividend date was Wednesday, June 25th. This represents a $0.87 annualized dividend and a dividend yield of 1.00%.
ProShares UltraPro QQQ Profile
(
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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