Sovereign Financial Group Inc. lessened its holdings in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 47.8% in the 1st quarter, according to the company in its most recent 13F 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 reporting period.
Other large investors have also made changes to their positions in the company. PayPay Securities Corp boosted its stake in ProShares UltraPro QQQ by 119.3% during the fourth quarter. PayPay Securities Corp now owns 500 shares of the exchange traded fund's stock worth $40,000 after buying an additional 272 shares during the last quarter. Cary Street Partners Financial LLC acquired a new position in shares of ProShares UltraPro QQQ during the 4th quarter valued at about $47,000. Clear Investment Research LLC grew its holdings in shares of ProShares UltraPro QQQ by 83.3% in 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 period. Beacon Capital Management LLC acquired a new stake in ProShares UltraPro QQQ during the fourth quarter worth about $109,000. Finally, Menard Financial Group LLC purchased a new position in ProShares UltraPro QQQ during the fourth quarter worth about $146,000.
ProShares UltraPro QQQ Stock Down 1.2%
NASDAQ:TQQQ traded down $0.94 on Wednesday, hitting $75.04. The stock had a trading volume of 81,242,782 shares, compared to its average volume of 68,494,552. The company has a fifty day moving average price of $59.23 and a two-hundred day moving average price of $71.52. ProShares UltraPro QQQ has a 1-year low of $35.00 and a 1-year high of $93.79. The stock has a market cap of $29.06 billion, a price-to-earnings ratio of 38.25 and a beta of 3.45.
ProShares UltraPro QQQ Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Wednesday, March 26th were issued a $0.1977 dividend. The ex-dividend date was Wednesday, March 26th. This represents a $0.79 annualized dividend and a yield of 1.05%.
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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