TB Alternative Assets Ltd. acquired a new stake in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 462,387 shares of the exchange traded fund's stock, valued at approximately $26,495,000. ProShares UltraPro QQQ comprises about 6.2% of TB Alternative Assets Ltd.'s investment portfolio, making the stock its 7th largest holding. TB Alternative Assets Ltd. owned about 0.11% of ProShares UltraPro QQQ at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. StoneCrest Wealth Management Inc. increased its holdings in ProShares UltraPro QQQ by 7.6% in the 1st quarter. StoneCrest Wealth Management Inc. now owns 8,128 shares of the exchange traded fund's stock worth $466,000 after purchasing an additional 577 shares in the last quarter. Charles Schwab Trust Co bought a new position in shares of ProShares UltraPro QQQ during the first quarter valued at $4,768,000. CPR Investments Inc. raised its stake in shares of ProShares UltraPro QQQ by 12.0% during the first quarter. CPR Investments Inc. now owns 12,394 shares of the exchange traded fund's stock valued at $710,000 after acquiring an additional 1,328 shares during the last quarter. HBW Advisory Services LLC lifted its holdings in shares of ProShares UltraPro QQQ by 42.6% during the first quarter. HBW Advisory Services LLC now owns 4,403 shares of the exchange traded fund's stock worth $252,000 after purchasing an additional 1,316 shares during the period. Finally, Merit Financial Group LLC increased its holdings in ProShares UltraPro QQQ by 18.6% in the first quarter. Merit Financial Group LLC now owns 5,063 shares of the exchange traded fund's stock valued at $290,000 after purchasing an additional 795 shares during the period.
ProShares UltraPro QQQ Stock Performance
Shares of TQQQ stock traded down $0.85 on Wednesday, hitting $75.13. The company had a trading volume of 85,893,973 shares, compared to its average volume of 68,512,903. The stock's 50-day moving average is $59.23 and its two-hundred day moving average is $71.52. The firm has a market cap of $29.10 billion, a P/E ratio of 38.25 and a beta of 3.45. ProShares UltraPro QQQ has a twelve month low of $35.00 and a twelve month high of $93.79.
ProShares UltraPro QQQ Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 26th were paid a $0.1977 dividend. This represents a $0.79 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend was Wednesday, March 26th.
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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