NewEdge Advisors LLC Purchases 14,702 Shares of ProShares UltraPro QQQ (NASDAQ:TQQQ)

NewEdge Advisors LLC boosted its position in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 3,594.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 15,111 shares of the exchange traded fund's stock after purchasing an additional 14,702 shares during the period. NewEdge Advisors LLC's holdings in ProShares UltraPro QQQ were worth $1,196,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of TQQQ. PayPay Securities Corp raised its holdings in ProShares UltraPro QQQ by 119.3% in the 4th quarter. PayPay Securities Corp now owns 500 shares of the exchange traded fund's stock valued at $40,000 after acquiring an additional 272 shares during the period. Clear Investment Research LLC increased its holdings in shares of ProShares UltraPro QQQ by 83.3% during the fourth quarter. Clear Investment Research LLC now owns 1,054 shares of the exchange traded fund's stock worth $83,000 after purchasing an additional 479 shares during the period. Beacon Capital Management LLC bought a new position in shares of ProShares UltraPro QQQ during the fourth quarter worth approximately $109,000. Sepio Capital LP bought a new position in shares of ProShares UltraPro QQQ during the fourth quarter worth approximately $201,000. Finally, James J. Burns & Company LLC bought a new position in shares of ProShares UltraPro QQQ during the fourth quarter worth approximately $206,000.

ProShares UltraPro QQQ Stock Up 0.0 %

Shares of TQQQ traded up $0.01 during mid-day trading on Wednesday, hitting $54.88. 131,522,863 shares of the company's stock were exchanged, compared to its average volume of 64,752,409. ProShares UltraPro QQQ has a 52 week low of $35.00 and a 52 week high of $93.79. The stock's 50-day simple moving average is $57.59 and its 200-day simple moving average is $73.25. The firm has a market cap of $22.85 billion, a price-to-earnings ratio of 27.46 and a beta of 3.45.

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 issued 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 1.44%.

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.