Uniting Wealth Partners LLC acquired a new position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 4,000 shares of the exchange traded fund's stock, valued at approximately $229,000.
Other institutional investors have also modified their holdings of the company. Cary Street Partners Financial LLC bought a new position in ProShares UltraPro QQQ during the 4th quarter valued at $47,000. Clear Investment Research LLC grew its position 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 worth $83,000 after purchasing an additional 479 shares in the last quarter. Wolff Wiese Magana LLC acquired a new position in ProShares UltraPro QQQ during the first quarter valued at $94,000. Beacon Capital Management LLC increased its holdings in shares of ProShares UltraPro QQQ by 32.8% in the 1st quarter. Beacon Capital Management LLC now owns 1,823 shares of the exchange traded fund's stock valued at $104,000 after purchasing an additional 450 shares during the period. Finally, Canton Hathaway LLC purchased a new stake in ProShares UltraPro QQQ in the 1st quarter worth approximately $118,000.
ProShares UltraPro QQQ Stock Down 2.5%
Shares of TQQQ traded down $2.11 during midday trading on Tuesday, reaching $80.89. 69,605,880 shares of the stock were exchanged, compared to its average volume of 69,816,195. The company has a market cap of $26.91 billion, a price-to-earnings ratio of 38.25 and a beta of 3.54. The firm has a 50 day simple moving average of $67.87 and a 200-day simple moving average of $70.72. ProShares UltraPro QQQ has a 12-month low of $35.00 and a 12-month high of $93.79.
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 issued a dividend of $0.2183 per share. This is an increase from ProShares UltraPro QQQ's previous quarterly dividend of $0.20. This represents a $0.87 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend is Wednesday, June 25th.
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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