Watts Gwilliam & Co. LLC Buys 3,927 Shares of ProShares UltraPro QQQ $TQQQ

Key Points

• Watts Gwilliam & Co. LLC increased its stake in ProShares UltraPro QQQ ($TQQQ) by 97.8%, owning 7,942 shares valued at approximately $455,000.
• ProShares UltraPro QQQ declared a quarterly dividend of $0.2183 per share, up from the previous dividend of $0.20, representing an annualized dividend yield of 0.9%.
• The ETF seeks to achieve triple the daily performance of the NASDAQ-100 Index and has shown significant institutional interest from multiple investors in recent quarters.

Watts Gwilliam & Co. LLC increased its position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 97.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,942 shares of the exchange traded fund's stock after buying an additional 3,927 shares during the period. Watts Gwilliam & Co. LLC's holdings in ProShares UltraPro QQQ were worth $455,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of TQQQ. TB Alternative Assets Ltd. bought a new stake in shares of ProShares UltraPro QQQ during the 1st quarter worth $26,495,000. WT Asset Management Ltd bought a new stake in ProShares UltraPro QQQ in the 1st quarter valued at $21,201,000. Avidian Wealth Enterprises LLC boosted its holdings in 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 purchasing an additional 186,716 shares during the period. Paragon Advisors LLC boosted its holdings in ProShares UltraPro QQQ by 81.2% in the 1st quarter. Paragon Advisors LLC now owns 323,011 shares of the exchange traded fund's stock valued at $18,509,000 after purchasing an additional 144,755 shares during the period. Finally, Charles Schwab Trust Co bought a new stake in ProShares UltraPro QQQ in the 1st quarter valued at $4,768,000.

ProShares UltraPro QQQ Stock Up 4.5%

ProShares UltraPro QQQ stock traded up $3.89 during mid-day trading on Friday, reaching $90.38. The company had a trading volume of 66,090,111 shares, compared to its average volume of 82,439,875. ProShares UltraPro QQQ has a 52 week low of $35.00 and a 52 week high of $96.32. The company has a 50 day moving average of $84.94 and a 200-day moving average of $72.10. The firm has a market cap of $27.86 billion, a price-to-earnings ratio of 38.25 and a beta of 3.45.

ProShares UltraPro QQQ Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Wednesday, June 25th were issued a $0.2183 dividend. This is a boost 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 dividend on an annualized basis and a yield of 1.0%.

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.