SBI Securities Co. Ltd. raised its holdings in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 24.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the company. Cary Street Partners Financial LLC purchased a new stake in ProShares UltraPro QQQ in the fourth quarter worth about $47,000. Columbia River Financial Group LLC purchased a new position in shares of ProShares UltraPro QQQ during the first quarter valued at approximately $47,000. Clear Investment Research LLC lifted its holdings 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 valued at $83,000 after purchasing an additional 479 shares during the last quarter. Wolff Wiese Magana LLC bought a new stake in shares of ProShares UltraPro QQQ during the first quarter valued at approximately $94,000. Finally, Beacon Capital Management LLC increased its position 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 in the last quarter.
ProShares UltraPro QQQ Stock Down 0.8%
Shares of TQQQ opened at $83.72 on Monday. ProShares UltraPro QQQ has a twelve month low of $35.00 and a twelve month high of $93.79. The company has a market capitalization of $26.95 billion, a P/E ratio of 38.25 and a beta of 3.45. The firm has a 50 day moving average of $73.32 and a 200 day moving average of $70.51.
ProShares UltraPro QQQ Increases Dividend
The business also recently announced 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 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date was Wednesday, June 25th. This is an increase from ProShares UltraPro QQQ's previous quarterly dividend of $0.20.
ProShares UltraPro QQQ Company 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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