US Bancorp DE Purchases 3,883 Shares of ProShares UltraPro QQQ $TQQQ

Key Points

• US Bancorp DE increased its holdings in ProShares UltraPro QQQ by 266.1% in the first quarter, acquiring 5,342 shares valued at $306,000 at the end of the reporting period.
• Other hedge funds have also taken significant positions in ProShares UltraPro QQQ, with TB Alternative Assets Ltd. and WT Asset Management Ltd. acquiring stakes worth over $21 million each.
• The ProShares UltraPro QQQ ETF has a current market capitalization of $29.24 billion, with shares trading at approximately $94.86, reflecting its performance tracking the NASDAQ-100 Index.

US Bancorp DE raised its holdings in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 266.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,342 shares of the exchange traded fund's stock after acquiring an additional 3,883 shares during the period. US Bancorp DE's holdings in ProShares UltraPro QQQ were worth $306,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of TQQQ. MRP Capital Investments LLC bought a new position in shares of ProShares UltraPro QQQ during the 1st quarter valued at about $29,000. Cary Street Partners Financial LLC acquired a new stake in ProShares UltraPro QQQ during the 4th quarter worth approximately $47,000. Columbia River Financial Group LLC bought a new position in ProShares UltraPro QQQ in the first quarter valued at approximately $47,000. Wolff Wiese Magana LLC acquired a new position in shares of ProShares UltraPro QQQ in the first quarter valued at approximately $94,000. Finally, Beacon Capital Management LLC boosted its holdings 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 during the period.

ProShares UltraPro QQQ Stock Down 0.4%

Shares of NASDAQ:TQQQ traded down $0.37 during midday trading on Monday, reaching $92.89. 20,439,808 shares of the company were exchanged, compared to its average volume of 82,753,461. The firm has a market cap of $28.63 billion, a PE ratio of 38.25 and a beta of 3.45. ProShares UltraPro QQQ has a fifty-two week low of $35.00 and a fifty-two week high of $96.32. The stock has a fifty day simple moving average of $83.83 and a two-hundred day simple moving average of $71.76.

ProShares UltraPro QQQ Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Wednesday, June 25th were paid a $0.2183 dividend. The ex-dividend date of this dividend was Wednesday, June 25th. This represents a $0.87 annualized dividend and a dividend yield of 0.9%. This is a positive change from ProShares UltraPro QQQ's previous quarterly dividend of $0.20.

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.