Variant Private Wealth LLC raised its stake in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 36.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 35,136 shares of the exchange traded fund's stock after acquiring an additional 9,463 shares during the period. ProShares UltraPro QQQ makes up 2.2% of Variant Private Wealth LLC's portfolio, making the stock its 19th largest holding. Variant Private Wealth LLC's holdings in ProShares UltraPro QQQ were worth $2,013,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also made changes to their positions in TQQQ. Richmond Brothers Inc. increased its holdings in ProShares UltraPro QQQ by 1.9% during the fourth quarter. Richmond Brothers Inc. now owns 8,817 shares of the exchange traded fund's stock valued at $698,000 after buying an additional 163 shares during the period. Erickson Financial Group LLC raised its holdings in ProShares UltraPro QQQ by 3.0% in the fourth quarter. Erickson Financial Group LLC now owns 8,479 shares of the exchange traded fund's stock worth $671,000 after purchasing an additional 250 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of ProShares UltraPro QQQ by 5.1% during the first quarter. Parallel Advisors LLC now owns 5,654 shares of the exchange traded fund's stock valued at $324,000 after buying an additional 274 shares during the last quarter. Rathbones Group PLC grew its position in shares of ProShares UltraPro QQQ by 2.9% in the 4th quarter. Rathbones Group PLC now owns 16,723 shares of the exchange traded fund's stock worth $1,323,000 after buying an additional 475 shares during the last quarter. Finally, Clear Investment Research LLC raised its stake in shares of 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 acquiring an additional 479 shares in the last quarter.
ProShares UltraPro QQQ Stock Down 0.2%
Shares of ProShares UltraPro QQQ stock traded down $0.15 during midday trading on Thursday, hitting $73.42. The company had a trading volume of 70,862,196 shares, compared to its average volume of 69,226,113. The stock has a market cap of $28.43 billion, a price-to-earnings ratio of 38.25 and a beta of 3.45. ProShares UltraPro QQQ has a 12-month low of $35.00 and a 12-month high of $93.79. The company has a fifty day simple moving average of $62.86 and a 200 day simple moving average of $71.39.
ProShares UltraPro QQQ Cuts Dividend
The firm 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. The ex-dividend date was Wednesday, March 26th. This represents a $0.79 dividend on an annualized basis and a dividend yield of 1.08%.
ProShares UltraPro QQQ Company 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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