NorthRock Partners LLC purchased a new stake in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 8,299 shares of the exchange traded fund's stock, valued at approximately $657,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. SVB Wealth LLC acquired a new position in shares of ProShares UltraPro QQQ in the fourth quarter valued at about $791,000. Raymond James Financial Inc. acquired a new position in shares of ProShares UltraPro QQQ in the fourth quarter valued at about $364,000. Chung Wu Investment Group LLC acquired a new position in shares of ProShares UltraPro QQQ in the fourth quarter valued at about $983,000. LPL Financial LLC increased its holdings in shares of ProShares UltraPro QQQ by 15.5% in the fourth quarter. LPL Financial LLC now owns 71,975 shares of the exchange traded fund's stock valued at $5,695,000 after purchasing an additional 9,684 shares during the period. Finally, Envestnet Asset Management Inc. acquired a new position in shares of ProShares UltraPro QQQ in the fourth quarter valued at about $390,000.
ProShares UltraPro QQQ Trading Up 0.3%
Shares of TQQQ stock traded up $0.19 during mid-day trading on Monday, reaching $71.64. The stock had a trading volume of 71,191,190 shares, compared to its average volume of 66,481,557. The business's fifty day moving average is $55.74 and its 200-day moving average is $72.29. The firm has a market cap of $26.13 billion, a price-to-earnings ratio of 32.04 and a beta of 3.53. 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 announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Wednesday, March 26th were issued a dividend of $0.1977 per share. This represents a $0.79 annualized dividend and a 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.
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