Wealth Enhancement Advisory Services LLC lifted its holdings in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 24.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,691 shares of the exchange traded fund's stock after purchasing an additional 13,452 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in ProShares UltraPro QQQ were worth $3,879,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. TB Alternative Assets Ltd. purchased a new stake in ProShares UltraPro QQQ in the first quarter valued at about $26,495,000. Paragon Advisors LLC increased its holdings in shares of 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 valued at $18,509,000 after acquiring an additional 144,755 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of ProShares UltraPro QQQ in the 4th quarter valued at approximately $9,970,000. Finward Bancorp acquired a new stake in ProShares UltraPro QQQ in the 4th quarter worth approximately $8,775,000. Finally, Charles Schwab Trust Co acquired a new stake in ProShares UltraPro QQQ in the 1st quarter worth approximately $4,768,000.
ProShares UltraPro QQQ Price Performance
NASDAQ:TQQQ traded up $0.79 during trading hours on Friday, hitting $81.42. 72,728,091 shares of the company were exchanged, compared to its average volume of 69,673,688. ProShares UltraPro QQQ has a 52-week low of $35.00 and a 52-week high of $93.79. The stock has a market capitalization of $31.53 billion, a price-to-earnings ratio of 38.25 and a beta of 3.45. The company's 50 day moving average price is $66.32 and its 200-day moving average price is $71.03.
ProShares UltraPro QQQ Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Wednesday, June 25th will be issued a dividend of $0.2183 per share. The ex-dividend date is Wednesday, June 25th. This is a positive change from ProShares UltraPro QQQ's previous quarterly dividend of $0.20. This represents a $0.87 dividend on an annualized basis and a dividend yield of 1.07%.
About ProShares UltraPro QQQ
(
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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