Stuart Chaussee & Associates Inc. cut its holdings in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 46.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,000 shares of the exchange traded fund's stock after selling 8,610 shares during the period. ProShares UltraPro QQQ comprises approximately 0.1% of Stuart Chaussee & Associates Inc.'s investment portfolio, making the stock its 22nd biggest holding. Stuart Chaussee & Associates Inc.'s holdings in ProShares UltraPro QQQ were worth $573,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in TQQQ. MRP Capital Investments LLC acquired a new stake in shares of ProShares UltraPro QQQ in the first quarter valued at approximately $29,000. Cary Street Partners Financial LLC bought a new position in shares of ProShares UltraPro QQQ in the fourth quarter valued at $47,000. Columbia River Financial Group LLC bought a new position in shares of ProShares UltraPro QQQ in the first quarter valued at $47,000. Wolff Wiese Magana LLC bought a new position in shares of ProShares UltraPro QQQ in the first quarter valued at $94,000. Finally, Beacon Capital Management LLC grew its stake in shares of ProShares UltraPro QQQ by 32.8% in the first quarter. Beacon Capital Management LLC now owns 1,823 shares of the exchange traded fund's stock valued at $104,000 after buying an additional 450 shares in the last quarter.
ProShares UltraPro QQQ Stock Up 1.2%
Shares of NASDAQ:TQQQ traded up $1.19 during midday trading on Friday, hitting $96.76. The stock had a trading volume of 45,987,487 shares, compared to its average volume of 80,201,625. ProShares UltraPro QQQ has a 12 month low of $35.00 and a 12 month high of $97.37. The business's 50-day simple moving average is $89.25 and its 200-day simple moving average is $72.71. The company has a market cap of $29.82 billion, a P/E ratio of 38.25 and a beta of 3.45.
ProShares UltraPro QQQ Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Wednesday, June 25th were paid a $0.2183 dividend. This is a boost from ProShares UltraPro QQQ's previous quarterly dividend of $0.20. This represents a $0.87 annualized dividend and a dividend yield of 0.9%. 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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