NorthRock Partners LLC purchased a new position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 8,299 shares of the exchange traded fund's stock, valued at approximately $657,000.
A number of other institutional investors also recently made changes to their positions in the business. Clark Capital Management Group Inc. bought a new position in shares of ProShares UltraPro QQQ during the fourth quarter valued at approximately $223,000. Cary Street Partners Financial LLC bought a new position in ProShares UltraPro QQQ in the fourth quarter worth about $47,000. Mercer Global Advisors Inc. ADV boosted its position in ProShares UltraPro QQQ by 177.7% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 33,365 shares of the exchange traded fund's stock valued at $2,640,000 after acquiring an additional 21,351 shares in the last quarter. Schwallier Wealth Management LLC bought a new stake in shares of ProShares UltraPro QQQ during the 4th quarter valued at $396,000. Finally, Tudor Investment Corp ET AL purchased a new stake in shares of ProShares UltraPro QQQ in the 4th quarter worth about $485,000.
ProShares UltraPro QQQ Trading Up 1.2%
ProShares UltraPro QQQ stock traded up $0.87 during mid-day trading on Wednesday, hitting $71.76. The company had a trading volume of 36,717,212 shares, compared to its average volume of 66,491,801. The stock's 50 day moving average price is $56.21 and its two-hundred day moving average price is $72.29. The company has a market capitalization of $26.18 billion, a PE ratio of 32.04 and a beta of 3.53. 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 firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 26th were given a dividend of $0.1977 per share. This represents a $0.79 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend was Wednesday, March 26th.
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.
Featured Articles
Before you consider ProShares UltraPro QQQ, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ProShares UltraPro QQQ wasn't on the list.
While ProShares UltraPro QQQ currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
