Vontobel Holding Ltd. grew its position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 363.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,891 shares of the exchange traded fund's stock after acquiring an additional 16,381 shares during the quarter. Vontobel Holding Ltd.'s holdings in ProShares UltraPro QQQ were worth $1,197,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently bought and sold shares of the company. Koshinski Asset Management Inc. boosted its holdings in ProShares UltraPro QQQ by 28.6% during the 1st quarter. Koshinski Asset Management Inc. now owns 19,317 shares of the exchange traded fund's stock worth $1,107,000 after acquiring an additional 4,291 shares during the last quarter. Sollinda Capital Management LLC purchased a new position in ProShares UltraPro QQQ during the 1st quarter worth $4,227,000. Avidian Wealth Enterprises LLC boosted its holdings in ProShares UltraPro QQQ by 103.9% during the 1st quarter. Avidian Wealth Enterprises LLC now owns 366,450 shares of the exchange traded fund's stock worth $20,998,000 after acquiring an additional 186,716 shares during the last quarter. Uniting Wealth Partners LLC purchased a new position in ProShares UltraPro QQQ during the 1st quarter worth $229,000. Finally, KG&L Capital Management LLC purchased a new position in ProShares UltraPro QQQ during the 1st quarter worth $1,081,000.
ProShares UltraPro QQQ Stock Performance
TQQQ traded up $2.20 during mid-day trading on Friday, reaching $84.70. 41,742,302 shares of the stock were exchanged, compared to its average volume of 70,151,212. The stock has a market capitalization of $27.63 billion, a PE ratio of 38.25 and a beta of 3.45. ProShares UltraPro QQQ has a 1 year low of $35.00 and a 1 year high of $93.79. The company has a 50 day moving average price of $70.54 and a two-hundred day moving average price of $70.61.
ProShares UltraPro QQQ Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Wednesday, June 25th were paid a dividend of $0.2183 per share. This represents a $0.87 dividend on an annualized basis and a dividend yield of 1.03%. This is a boost from ProShares UltraPro QQQ's previous quarterly dividend of $0.20. The ex-dividend date was Wednesday, June 25th.
ProShares UltraPro QQQ 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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