ProShares UltraPro QQQ (NASDAQ:TQQQ) Shares Purchased by Mariner LLC

Mariner LLC raised its stake in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 109.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,818 shares of the exchange traded fund's stock after purchasing an additional 31,319 shares during the period. Mariner LLC's holdings in ProShares UltraPro QQQ were worth $4,733,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. SVB Wealth LLC purchased a new position in ProShares UltraPro QQQ in the 4th quarter valued at $791,000. Chung Wu Investment Group LLC purchased a new position in shares of ProShares UltraPro QQQ in the fourth quarter worth about $983,000. LPL Financial LLC boosted its position in ProShares UltraPro QQQ by 15.5% during the fourth quarter. LPL Financial LLC now owns 71,975 shares of the exchange traded fund's stock worth $5,695,000 after acquiring an additional 9,684 shares during the last quarter. Drive Wealth Management LLC purchased a new stake in ProShares UltraPro QQQ during the 4th quarter valued at about $1,108,000. Finally, Oriental Harbor Investment Fund acquired a new stake in ProShares UltraPro QQQ in the 3rd quarter valued at about $82,199,000.

ProShares UltraPro QQQ Stock Up 0.9 %

Shares of ProShares UltraPro QQQ stock traded up $0.49 on Friday, hitting $52.63. 56,603,865 shares of the company were exchanged, compared to its average volume of 94,489,422. The company has a 50-day moving average price of $60.32 and a 200 day moving average price of $73.78. The stock has a market capitalization of $21.39 billion, a price-to-earnings ratio of 17.85 and a beta of 3.45. ProShares UltraPro QQQ has a 1-year low of $35.00 and a 1-year high of $93.79.

ProShares UltraPro QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 26th were paid a dividend of $0.1977 per share. This represents a $0.79 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date was Wednesday, March 26th.

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.