Signaturefd LLC Boosts Position in ProShares UltraPro QQQ (NASDAQ:TQQQ)

Signaturefd LLC boosted its holdings in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 6,000.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,895 shares of the exchange traded fund's stock after buying an additional 11,700 shares during the quarter. Signaturefd LLC's holdings in ProShares UltraPro QQQ were worth $682,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. Cary Street Partners Financial LLC acquired a new stake in shares of ProShares UltraPro QQQ during the 4th quarter worth approximately $47,000. Columbia River Financial Group LLC acquired a new stake in shares of ProShares UltraPro QQQ during the 1st quarter worth approximately $47,000. Clear Investment Research LLC lifted its holdings in shares of ProShares UltraPro QQQ by 83.3% in the 4th 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 in the last quarter. Wolff Wiese Magana LLC bought a new position in shares of ProShares UltraPro QQQ in the 1st quarter worth $94,000. Finally, Beacon Capital Management LLC lifted its holdings in shares of ProShares UltraPro QQQ by 32.8% in the 1st quarter. Beacon Capital Management LLC now owns 1,823 shares of the exchange traded fund's stock worth $104,000 after purchasing an additional 450 shares in the last quarter.

ProShares UltraPro QQQ Stock Down 0.3%

NASDAQ:TQQQ traded down $0.30 during trading hours on Friday, hitting $86.75. 49,093,811 shares of the company traded hands, compared to its average volume of 70,378,575. The company has a market cap of $28.13 billion, a PE ratio of 38.25 and a beta of 3.45. ProShares UltraPro QQQ has a one year low of $35.00 and a one year high of $93.79. The firm's 50-day simple moving average is $76.07 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. Investors of record on Wednesday, June 25th were issued a $0.2183 dividend. The ex-dividend date was Wednesday, June 25th. This represents a $0.87 annualized dividend and a yield of 1.01%. This is a positive change from ProShares UltraPro QQQ's previous quarterly dividend of $0.20.

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.