Vestia Personal Wealth Advisors cut its position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 30.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 50,000 shares of the exchange traded fund's stock after selling 21,521 shares during the period. ProShares UltraPro QQQ comprises about 2.2% of Vestia Personal Wealth Advisors' investment portfolio, making the stock its 13th largest position. 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 large investors have also modified their holdings of the company. Cary Street Partners Financial LLC acquired a new stake in shares of ProShares UltraPro QQQ in the 4th quarter valued at $47,000. Columbia River Financial Group LLC bought a new position in ProShares UltraPro QQQ during the 1st quarter valued at about $47,000. Clear Investment Research LLC lifted its holdings 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 valued at $83,000 after purchasing an additional 479 shares during the last quarter. Wolff Wiese Magana LLC acquired a new position in ProShares UltraPro QQQ in the first quarter valued at about $94,000. Finally, Beacon Capital Management LLC grew its stake in ProShares UltraPro QQQ by 32.8% during the first quarter. Beacon Capital Management LLC now owns 1,823 shares of the exchange traded fund's stock worth $104,000 after buying an additional 450 shares during the last quarter.
ProShares UltraPro QQQ Price Performance
Shares of NASDAQ:TQQQ traded up $0.89 during trading on Monday, reaching $84.61. The stock had a trading volume of 48,394,374 shares, compared to its average volume of 87,318,344. The stock has a market capitalization of $27.24 billion, a PE ratio of 38.25 and a beta of 3.45. ProShares UltraPro QQQ has a 52 week low of $35.00 and a 52 week high of $93.79. The business's 50-day moving average price is $73.32 and its 200 day moving average price is $70.51.
ProShares UltraPro QQQ Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Wednesday, June 25th were given a $0.2183 dividend. This is an increase from ProShares UltraPro QQQ's previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Wednesday, June 25th. This represents a $0.87 annualized dividend and a yield of 1.03%.
ProShares UltraPro QQQ 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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