Stuart Chaussee & Associates Inc. Invests $1.47 Million in ProShares UltraPro QQQ (NASDAQ:TQQQ)

Stuart Chaussee & Associates Inc. acquired a new stake in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 18,610 shares of the exchange traded fund's stock, valued at approximately $1,473,000. ProShares UltraPro QQQ makes up about 0.4% of Stuart Chaussee & Associates Inc.'s portfolio, making the stock its 14th biggest position.

Other institutional investors have also added to or reduced their stakes in the company. PayPay Securities Corp raised its holdings in shares of ProShares UltraPro QQQ by 119.3% during the fourth quarter. PayPay Securities Corp now owns 500 shares of the exchange traded fund's stock valued at $40,000 after purchasing an additional 272 shares during the last quarter. Cary Street Partners Financial LLC purchased a new stake in ProShares UltraPro QQQ during the 4th quarter valued at $47,000. Clear Investment Research LLC raised its stake in ProShares UltraPro QQQ by 83.3% during the 4th quarter. Clear Investment Research LLC now owns 1,054 shares of the exchange traded fund's stock valued at $83,000 after buying an additional 479 shares during the last quarter. Beacon Capital Management LLC bought a new position in shares of ProShares UltraPro QQQ during the 4th quarter valued at $109,000. Finally, Sepio Capital LP purchased a new position in shares of ProShares UltraPro QQQ in the 4th quarter worth $201,000.

ProShares UltraPro QQQ Price Performance

ProShares UltraPro QQQ stock traded down $1.94 during mid-day trading on Friday, reaching $66.35. 70,208,673 shares of the stock traded hands, compared to its average volume of 67,124,272. ProShares UltraPro QQQ has a 12-month low of $35.00 and a 12-month high of $93.79. The business's 50-day moving average is $56.43 and its 200-day moving average is $72.24. The stock has a market capitalization of $25.70 billion, a PE ratio of 32.04 and a beta of 3.45.

ProShares UltraPro QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 26th were paid 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 dividend yield of 1.19%.

About ProShares UltraPro QQQ

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.