Sollinda Capital Management LLC bought a new stake in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 73,764 shares of the exchange traded fund's stock, valued at approximately $4,227,000. ProShares UltraPro QQQ comprises 1.2% of Sollinda Capital Management LLC's investment portfolio, making the stock its 18th largest position.
Several other hedge funds have also bought and sold shares of the company. SVB Wealth LLC bought a new stake in shares of ProShares UltraPro QQQ during the fourth quarter worth approximately $791,000. Raymond James Financial Inc. bought a new stake in shares of ProShares UltraPro QQQ during the fourth quarter worth approximately $364,000. Chung Wu Investment Group LLC bought a new stake in shares of ProShares UltraPro QQQ during the fourth quarter worth approximately $983,000. LPL Financial LLC boosted its holdings in shares of ProShares UltraPro QQQ by 15.5% during the fourth quarter. LPL Financial LLC now owns 71,975 shares of the exchange traded fund's stock worth $5,695,000 after acquiring an additional 9,684 shares during the period. Finally, Envestnet Asset Management Inc. bought a new stake in shares of ProShares UltraPro QQQ during the fourth quarter worth approximately $390,000.
ProShares UltraPro QQQ Stock Up 1.0%
Shares of NASDAQ:TQQQ opened at $81.42 on Monday. ProShares UltraPro QQQ has a 12-month low of $35.00 and a 12-month high of $93.79. The stock has a market cap of $27.09 billion, a PE ratio of 38.25 and a beta of 3.54. The business has a 50 day moving average of $67.05 and a 200-day moving average of $70.76.
ProShares UltraPro QQQ Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Wednesday, June 25th will be issued a dividend of $0.2183 per share. This represents a $0.87 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date is Wednesday, June 25th. This is a boost from ProShares UltraPro QQQ's previous quarterly dividend of $0.20.
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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