Sovereign Financial Group Inc. lessened its stake in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 47.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,418 shares of the exchange traded fund's stock after selling 4,964 shares during the period. Sovereign Financial Group Inc.'s holdings in ProShares UltraPro QQQ were worth $310,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. PPSC Investment Service Corp boosted its holdings in ProShares UltraPro QQQ by 17.5% during the fourth quarter. PPSC Investment Service Corp now owns 446,415 shares of the exchange traded fund's stock worth $35,325,000 after buying an additional 66,582 shares in the last quarter. Orion Portfolio Solutions LLC boosted its stake in shares of ProShares UltraPro QQQ by 7.0% during the 4th quarter. Orion Portfolio Solutions LLC now owns 157,596 shares of the exchange traded fund's stock worth $12,471,000 after acquiring an additional 10,284 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of ProShares UltraPro QQQ during the 4th quarter worth about $9,970,000. Finward Bancorp purchased a new stake in shares of ProShares UltraPro QQQ during the 4th quarter worth about $8,775,000. Finally, Charles Schwab Trust Co purchased a new stake in shares of ProShares UltraPro QQQ during the 1st quarter worth about $4,768,000.
ProShares UltraPro QQQ Trading Up 2.9%
Shares of TQQQ stock opened at $74.21 on Friday. The company has a market capitalization of $28.74 billion, a P/E ratio of 32.04 and a beta of 3.45. The business's 50 day moving average is $58.43 and its two-hundred day moving average is $71.56. ProShares UltraPro QQQ has a 12-month low of $35.00 and a 12-month high of $93.79.
ProShares UltraPro QQQ Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 26th were given a dividend of $0.1977 per share. The ex-dividend date of this dividend was Wednesday, March 26th. This represents a $0.79 dividend on an annualized basis and a yield of 1.07%.
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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