Mercer Global Advisors Inc. ADV lifted its stake in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 177.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor 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 reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the company. PayPay Securities Corp raised its holdings in ProShares UltraPro QQQ by 119.3% during the fourth quarter. PayPay Securities Corp now owns 500 shares of the exchange traded fund's stock worth $40,000 after purchasing an additional 272 shares in the last quarter. Clear Investment Research LLC lifted its position in ProShares UltraPro QQQ by 83.3% in the fourth quarter. Clear Investment Research LLC now owns 1,054 shares of the exchange traded fund's stock valued at $83,000 after acquiring an additional 479 shares during the last quarter. Beacon Capital Management LLC acquired a new position in ProShares UltraPro QQQ in the fourth quarter valued at $109,000. Sepio Capital LP purchased a new position in shares of ProShares UltraPro QQQ during the fourth quarter worth about $201,000. Finally, James J. Burns & Company LLC acquired a new stake in shares of ProShares UltraPro QQQ during the fourth quarter worth about $206,000.
ProShares UltraPro QQQ Trading Down 0.2 %
Shares of NASDAQ TQQQ traded down $0.12 during trading hours on Friday, reaching $58.99. The stock had a trading volume of 73,069,770 shares, compared to its average volume of 65,630,648. The firm has a market cap of $22.84 billion, a price-to-earnings ratio of 27.46 and a beta of 3.45. The firm has a 50-day moving average of $55.28 and a 200-day moving average of $72.46. ProShares UltraPro QQQ has a fifty-two week low of $35.00 and a fifty-two week high of $93.79.
ProShares UltraPro QQQ Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 26th were paid a dividend of $0.1977 per share. The ex-dividend date was Wednesday, March 26th. This represents a $0.79 annualized dividend and a dividend yield of 1.34%.
About ProShares UltraPro QQQ
(
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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