TB Alternative Assets Ltd. purchased a new position in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 462,387 shares of the exchange traded fund's stock, valued at approximately $26,495,000. ProShares UltraPro QQQ comprises 6.2% of TB Alternative Assets Ltd.'s investment portfolio, making the stock its 7th largest position. TB Alternative Assets Ltd. owned about 0.11% of ProShares UltraPro QQQ at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in TQQQ. SVB Wealth LLC bought a new position in ProShares UltraPro QQQ in the 4th quarter worth about $791,000. Raymond James Financial Inc. purchased a new position in ProShares UltraPro QQQ during the 4th quarter worth $364,000. Chung Wu Investment Group LLC bought a new stake in ProShares UltraPro QQQ during the 4th quarter valued at $983,000. LPL Financial LLC lifted its holdings in shares of ProShares UltraPro QQQ by 15.5% in the 4th quarter. LPL Financial LLC now owns 71,975 shares of the exchange traded fund's stock worth $5,695,000 after buying an additional 9,684 shares during the period. Finally, Envestnet Asset Management Inc. purchased a new position in shares of ProShares UltraPro QQQ during the fourth quarter valued at $390,000.
ProShares UltraPro QQQ Price Performance
Shares of NASDAQ:TQQQ traded up $0.33 during trading hours on Monday, hitting $74.54. The company's stock had a trading volume of 49,716,369 shares, compared to its average volume of 68,327,493. The firm's fifty day moving average price is $58.43 and its 200 day moving average price is $71.52. The company has a market capitalization of $25.61 billion, a price-to-earnings ratio of 38.25 and a beta of 3.54. ProShares UltraPro QQQ has a 52 week low of $35.00 and a 52 week high of $93.79.
ProShares UltraPro QQQ Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 26th were issued a $0.1977 dividend. This represents a $0.79 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date was Wednesday, March 26th.
ProShares UltraPro QQQ Company Profile
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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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