Signaturefd LLC increased its position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 6,000.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. 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 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in TQQQ. Cary Street Partners Financial LLC purchased a new position in ProShares UltraPro QQQ during the 4th quarter worth approximately $47,000. Columbia River Financial Group LLC purchased a new position in shares of ProShares UltraPro QQQ in the 1st quarter valued at approximately $47,000. Clear Investment Research LLC grew its stake 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 valued at $83,000 after purchasing an additional 479 shares during the last quarter. Wolff Wiese Magana LLC purchased a new position in shares of ProShares UltraPro QQQ in the 1st quarter valued at approximately $94,000. Finally, Beacon Capital Management LLC grew its stake 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 valued at $104,000 after purchasing an additional 450 shares during the last quarter.
ProShares UltraPro QQQ Price Performance
Shares of TQQQ stock traded up $1.98 during midday trading on Thursday, hitting $87.05. The company had a trading volume of 48,184,038 shares, compared to its average volume of 70,399,921. The company's 50 day simple moving average is $75.52 and its 200 day simple moving average is $70.74. ProShares UltraPro QQQ has a 52-week low of $35.00 and a 52-week high of $93.79. The stock has a market cap of $28.23 billion, a price-to-earnings ratio of 38.25 and a beta of 3.45.
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 paid a $0.2183 dividend. This is an increase from ProShares UltraPro QQQ's previous quarterly dividend of $0.20. This represents a $0.87 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend was Wednesday, June 25th.
About ProShares UltraPro QQQ
(
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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