Vontobel Holding Ltd. Buys 16,381 Shares of ProShares UltraPro QQQ (NASDAQ:TQQQ)

Vontobel Holding Ltd. raised its position in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 363.2% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 20,891 shares of the exchange traded fund's stock after acquiring an additional 16,381 shares during the period. Vontobel Holding Ltd.'s holdings in ProShares UltraPro QQQ were worth $1,197,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in TQQQ. Richmond Brothers Inc. boosted its position in shares of 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 last quarter. Parallel Advisors LLC lifted its holdings in 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 worth $324,000 after acquiring an additional 274 shares during the period. Golden State Equity Partners lifted its holdings in ProShares UltraPro QQQ by 8.3% during the first quarter. Golden State Equity Partners now owns 4,355 shares of the exchange traded fund's stock worth $250,000 after acquiring an additional 332 shares during the period. Beacon Capital Management LLC lifted its holdings 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 acquiring an additional 450 shares during the period. Finally, Rathbones Group PLC lifted its holdings in ProShares UltraPro QQQ by 2.9% during the fourth quarter. Rathbones Group PLC now owns 16,723 shares of the exchange traded fund's stock worth $1,323,000 after acquiring an additional 475 shares during the period.

ProShares UltraPro QQQ Stock Down 3.0%

ProShares UltraPro QQQ stock traded down $2.56 during mid-day trading on Monday, reaching $82.25. 52,881,666 shares of the company's stock were exchanged, compared to its average volume of 70,096,522. The business's fifty day simple moving average is $70.54 and its 200 day simple moving average is $70.61. The firm has a market capitalization of $26.83 billion, a PE ratio of 38.25 and a beta of 3.45. ProShares UltraPro QQQ has a one year low of $35.00 and a one year high of $93.79.

ProShares UltraPro QQQ Increases Dividend

The company also recently announced 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 is a positive change from ProShares UltraPro QQQ's previous quarterly dividend of $0.20. This represents a $0.87 annualized dividend and a dividend yield of 1.06%.

About ProShares UltraPro QQQ

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.