WT Asset Management Ltd Takes $21.20 Million Position in ProShares UltraPro QQQ (NASDAQ:TQQQ)

WT Asset Management Ltd acquired a new stake in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 370,000 shares of the exchange traded fund's stock, valued at approximately $21,201,000. ProShares UltraPro QQQ comprises approximately 2.5% of WT Asset Management Ltd's investment portfolio, making the stock its 16th largest position. WT Asset Management Ltd owned 0.09% of ProShares UltraPro QQQ at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. SVB Wealth LLC acquired a new stake in ProShares UltraPro QQQ during the 4th quarter worth approximately $791,000. Raymond James Financial Inc. bought a new position in ProShares UltraPro QQQ during the 4th quarter worth $364,000. Chung Wu Investment Group LLC acquired a new stake in shares of ProShares UltraPro QQQ during the fourth quarter worth $983,000. LPL Financial LLC boosted its position in shares of ProShares UltraPro QQQ by 15.5% in the fourth quarter. LPL Financial LLC now owns 71,975 shares of the exchange traded fund's stock valued at $5,695,000 after acquiring an additional 9,684 shares during the period. Finally, Envestnet Asset Management Inc. bought a new stake in shares of ProShares UltraPro QQQ in the fourth quarter valued at about $390,000.

ProShares UltraPro QQQ Stock Performance

NASDAQ:TQQQ traded up $2.20 during mid-day trading on Friday, reaching $84.70. 41,742,302 shares of the company's stock were exchanged, compared to its average volume of 70,029,856. ProShares UltraPro QQQ has a one year low of $35.00 and a one year high of $93.79. The business's fifty day simple moving average is $70.54 and its two-hundred day simple moving average is $70.76. The firm has a market capitalization of $27.63 billion, a PE ratio of 38.25 and a beta of 3.45.

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 issued a dividend of $0.2183 per share. The ex-dividend date of this dividend was Wednesday, June 25th. This is a boost from ProShares UltraPro QQQ's previous quarterly dividend of $0.20. This represents a $0.87 annualized dividend and a dividend yield of 1.03%.

ProShares UltraPro QQQ Company 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.