Kovitz Investment Group Partners LLC acquired a new stake in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 5,533 shares of the exchange traded fund's stock, valued at approximately $438,000.
Other hedge funds have also recently bought and sold shares of the company. World Investment Advisors LLC raised its stake in shares of ProShares UltraPro QQQ by 11.8% in the 3rd quarter. World Investment Advisors LLC now owns 15,987 shares of the exchange traded fund's stock valued at $1,159,000 after purchasing an additional 1,684 shares in the last quarter. Tidal Investments LLC acquired a new stake in ProShares UltraPro QQQ during the third quarter valued at approximately $11,598,000. JPMorgan Chase & Co. lifted its holdings in ProShares UltraPro QQQ by 55.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 16,951 shares of the exchange traded fund's stock worth $1,229,000 after buying an additional 6,039 shares during the last quarter. Silverleafe Capital Partners LLC grew its position in shares of ProShares UltraPro QQQ by 48.6% in the 4th quarter. Silverleafe Capital Partners LLC now owns 5,200 shares of the exchange traded fund's stock worth $412,000 after acquiring an additional 1,700 shares in the last quarter. Finally, Innova Wealth Partners bought a new stake in shares of ProShares UltraPro QQQ in the 4th quarter valued at approximately $796,000.
ProShares UltraPro QQQ Price Performance
TQQQ traded down $0.38 during trading hours on Wednesday, hitting $56.36. 25,794,503 shares of the stock were exchanged, compared to its average volume of 64,900,708. The stock has a market cap of $21.83 billion, a price-to-earnings ratio of 27.46 and a beta of 3.45. The stock has a 50-day simple moving average of $56.06 and a 200-day simple moving average of $72.79. ProShares UltraPro QQQ has a 12 month low of $35.00 and a 12 month high of $93.79.
ProShares UltraPro QQQ Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Wednesday, March 26th were given a dividend of $0.1977 per share. The ex-dividend date of this dividend was Wednesday, March 26th. This represents a $0.79 dividend on an annualized basis and a yield of 1.40%.
ProShares UltraPro QQQ Company 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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