ProShares UltraPro QQQ (NASDAQ:TQQQ) Shares Acquired by World Investment Advisors

World Investment Advisors raised its holdings in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 58.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,959 shares of the exchange traded fund's stock after purchasing an additional 8,857 shares during the period. World Investment Advisors' holdings in ProShares UltraPro QQQ were worth $1,376,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in TQQQ. Cary Street Partners Financial LLC bought a new position in shares of ProShares UltraPro QQQ during the fourth quarter worth about $47,000. Columbia River Financial Group LLC bought a new position in shares of ProShares UltraPro QQQ during the first quarter worth about $47,000. Clear Investment Research LLC grew its position in shares of ProShares UltraPro QQQ by 83.3% during the fourth quarter. Clear Investment Research LLC now owns 1,054 shares of the exchange traded fund's stock worth $83,000 after acquiring an additional 479 shares during the last quarter. Wolff Wiese Magana LLC bought a new position in shares of ProShares UltraPro QQQ during the first quarter worth about $94,000. Finally, Beacon Capital Management LLC grew its position in shares of 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 last quarter.

ProShares UltraPro QQQ Stock Performance

Shares of ProShares UltraPro QQQ stock traded down $0.64 during trading on Friday, hitting $83.72. 53,297,205 shares of the stock were exchanged, compared to its average volume of 70,306,202. The stock's fifty day moving average is $73.32 and its 200 day moving average is $70.75. The stock has a market cap of $26.95 billion, a PE ratio of 38.25 and a beta of 3.45. ProShares UltraPro QQQ has a 12 month low of $35.00 and a 12 month high of $93.79.

ProShares UltraPro QQQ Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Wednesday, June 25th were given a dividend of $0.2183 per share. The ex-dividend date of this dividend was Wednesday, June 25th. This represents a $0.87 annualized dividend and a dividend yield of 1.04%. This is a positive change from ProShares UltraPro QQQ's previous quarterly dividend of $0.20.

ProShares UltraPro QQQ Profile

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.