Mercer Global Advisors Inc. ADV Buys 21,351 Shares of ProShares UltraPro QQQ (NASDAQ:TQQQ)

Mercer Global Advisors Inc. ADV grew its position in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 177.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,365 shares of the exchange traded fund's stock after buying an additional 21,351 shares during the quarter. Mercer Global Advisors Inc. ADV's holdings in ProShares UltraPro QQQ were worth $2,640,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in TQQQ. PayPay Securities Corp boosted its position in ProShares UltraPro QQQ by 119.3% during the 4th quarter. PayPay Securities Corp now owns 500 shares of the exchange traded fund's stock worth $40,000 after acquiring an additional 272 shares during the period. Clear Investment Research LLC increased its stake in ProShares UltraPro QQQ by 83.3% in the 4th quarter. Clear Investment Research LLC now owns 1,054 shares of the exchange traded fund's stock valued at $83,000 after buying an additional 479 shares during the period. Beacon Capital Management LLC acquired a new stake in shares of ProShares UltraPro QQQ during the 4th quarter valued at $109,000. Sepio Capital LP purchased a new position in shares of ProShares UltraPro QQQ during the 4th quarter valued at $201,000. Finally, James J. Burns & Company LLC purchased a new position in shares of ProShares UltraPro QQQ during the 4th quarter valued at $206,000.

ProShares UltraPro QQQ Price Performance

TQQQ traded up $5.59 during trading on Monday, reaching $64.56. 52,879,479 shares of the stock traded hands, compared to its average volume of 65,671,442. The stock's 50-day simple moving average is $55.28 and its two-hundred day simple moving average is $72.46. ProShares UltraPro QQQ has a fifty-two week low of $35.00 and a fifty-two week high of $93.79. The stock has a market cap of $25.00 billion, a price-to-earnings ratio of 27.46 and a beta of 3.45.

ProShares UltraPro QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Wednesday, March 26th were paid a $0.1977 dividend. The ex-dividend date was Wednesday, March 26th. This represents a $0.79 annualized dividend and a dividend yield of 1.23%.

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.