Raymond James Financial Inc. acquired a new position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 4,606 shares of the exchange traded fund's stock, valued at approximately $364,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. PayPay Securities Corp lifted its stake in shares of 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 purchasing an additional 272 shares during the period. Clear Investment Research LLC grew its holdings in shares of 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 in the last quarter. Beacon Capital Management LLC bought a new position in shares of ProShares UltraPro QQQ in the fourth quarter valued at approximately $109,000. Sepio Capital LP bought a new position in shares of ProShares UltraPro QQQ in the fourth quarter valued at approximately $201,000. Finally, James J. Burns & Company LLC bought a new position in shares of ProShares UltraPro QQQ in the fourth quarter valued at approximately $206,000.
ProShares UltraPro QQQ Stock Performance
NASDAQ TQQQ traded up $0.40 on Thursday, hitting $70.76. 35,368,496 shares of the stock traded hands, compared to its average volume of 66,082,557. The business's fifty day moving average is $55.28 and its two-hundred day moving average is $72.36. ProShares UltraPro QQQ has a 12 month low of $35.00 and a 12 month high of $93.79. The firm has a market capitalization of $27.40 billion, a price-to-earnings ratio of 27.46 and a beta of 3.45.
ProShares UltraPro QQQ Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders 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 1.12%. The ex-dividend date was Wednesday, March 26th.
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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