Uniting Wealth Partners LLC Takes $229,000 Position in ProShares UltraPro QQQ (NASDAQ:TQQQ)

Uniting Wealth Partners LLC bought a new stake in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 4,000 shares of the exchange traded fund's stock, valued at approximately $229,000.

A number of other institutional investors have also modified their holdings of TQQQ. TB Alternative Assets Ltd. acquired a new position in shares of ProShares UltraPro QQQ in the 1st quarter valued at $26,495,000. Paragon Advisors LLC increased its holdings in shares of ProShares UltraPro QQQ by 81.2% in the 1st quarter. Paragon Advisors LLC now owns 323,011 shares of the exchange traded fund's stock valued at $18,509,000 after acquiring an additional 144,755 shares during the period. SBI Securities Co. Ltd. purchased a new position in ProShares UltraPro QQQ in the 4th quarter valued at $9,970,000. Finward Bancorp purchased a new position in ProShares UltraPro QQQ in the 4th quarter valued at $8,775,000. Finally, Charles Schwab Trust Co purchased a new position in ProShares UltraPro QQQ in the 1st quarter valued at $4,768,000.

ProShares UltraPro QQQ Price Performance

NASDAQ:TQQQ opened at $81.42 on Friday. The firm's fifty day moving average price is $67.05 and its 200 day moving average price is $71.00. ProShares UltraPro QQQ has a 1-year low of $35.00 and a 1-year high of $93.79. The firm has a market cap of $31.53 billion, a price-to-earnings ratio of 38.25 and a beta of 3.45.

ProShares UltraPro QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Wednesday, June 25th will be given a $0.2183 dividend. This represents a $0.87 dividend on an annualized basis and a yield of 1.07%. This is a positive change from ProShares UltraPro QQQ's previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Wednesday, June 25th.

ProShares UltraPro QQQ Company Profile

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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