Vestia Personal Wealth Advisors cut its position in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 30.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,000 shares of the exchange traded fund's stock after selling 21,521 shares during the quarter. ProShares UltraPro QQQ accounts for 2.2% of Vestia Personal Wealth Advisors' holdings, making the stock its 13th largest holding. Vestia Personal Wealth Advisors' holdings in ProShares UltraPro QQQ were worth $2,865,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of the company. TB Alternative Assets Ltd. purchased a new stake in ProShares UltraPro QQQ during the 1st quarter valued at approximately $26,495,000. WT Asset Management Ltd acquired a new stake in shares of ProShares UltraPro QQQ in the 1st quarter valued at approximately $21,201,000. Avidian Wealth Enterprises LLC lifted its holdings in shares of ProShares UltraPro QQQ by 103.9% in the 1st quarter. Avidian Wealth Enterprises LLC now owns 366,450 shares of the exchange traded fund's stock valued at $20,998,000 after buying an additional 186,716 shares during the period. Paragon Advisors LLC raised its holdings in ProShares UltraPro QQQ by 81.2% during the first quarter. Paragon Advisors LLC now owns 323,011 shares of the exchange traded fund's stock worth $18,509,000 after purchasing an additional 144,755 shares during the last quarter. Finally, Finward Bancorp acquired a new position in ProShares UltraPro QQQ during the fourth quarter worth $8,775,000.
ProShares UltraPro QQQ Stock Performance
TQQQ stock traded down $0.64 during midday trading on Friday, hitting $83.72. 53,297,205 shares of the stock were exchanged, compared to its average volume of 70,306,205. The stock's 50-day moving average price is $73.32 and its 200-day moving average price is $70.75. The stock has a market cap of $26.95 billion, a price-to-earnings 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 $93.79.
ProShares UltraPro QQQ Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Wednesday, June 25th were issued a dividend of $0.2183 per share. The ex-dividend date was Wednesday, June 25th. This is a boost from ProShares UltraPro QQQ's previous quarterly dividend of $0.20. This represents a $0.87 annualized dividend and a yield of 1.04%.
ProShares UltraPro QQQ Company Profile
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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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