4,606 Shares in ProShares UltraPro QQQ (NASDAQ:TQQQ) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new stake in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,606 shares of the exchange traded fund's stock, valued at approximately $364,000.

A number of other large investors have also modified their holdings of TQQQ. Rathbones Group PLC grew its stake in shares of ProShares UltraPro QQQ by 2.9% in the fourth quarter. Rathbones Group PLC now owns 16,723 shares of the exchange traded fund's stock worth $1,323,000 after purchasing an additional 475 shares in the last quarter. Bank of Montreal Can lifted its holdings in ProShares UltraPro QQQ by 14.0% in the fourth quarter. Bank of Montreal Can now owns 15,521 shares of the exchange traded fund's stock worth $1,228,000 after purchasing an additional 1,908 shares during the period. Trek Financial LLC bought a new position in ProShares UltraPro QQQ in the 4th quarter valued at about $239,000. Sepio Capital LP acquired a new position in ProShares UltraPro QQQ during the 4th quarter valued at about $201,000. Finally, Envestnet Asset Management Inc. bought a new stake in shares of ProShares UltraPro QQQ during the 4th quarter worth about $390,000.

ProShares UltraPro QQQ Stock Up 4.6%

NASDAQ TQQQ traded up $3.03 on Tuesday, reaching $69.14. 84,600,005 shares of the stock traded hands, compared to its average volume of 65,927,065. ProShares UltraPro QQQ has a 12 month low of $35.00 and a 12 month high of $93.79. The company has a market cap of $26.77 billion, a price-to-earnings ratio of 27.46 and a beta of 3.45. The firm's fifty day simple moving average is $55.16 and its 200 day simple moving average is $72.40.

ProShares UltraPro QQQ Cuts Dividend

The company 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 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date was Wednesday, March 26th.

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.