110,892 Shares in ProShares UltraPro QQQ (NASDAQ:TQQQ) Purchased by Finward Bancorp

Finward Bancorp purchased a new stake in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 110,892 shares of the exchange traded fund's stock, valued at approximately $8,775,000. ProShares UltraPro QQQ makes up approximately 7.6% of Finward Bancorp's investment portfolio, making the stock its biggest position.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. HighTower Advisors LLC increased its holdings in shares of ProShares UltraPro QQQ by 121.2% during the third quarter. HighTower Advisors LLC now owns 12,389 shares of the exchange traded fund's stock valued at $896,000 after acquiring an additional 6,788 shares in the last quarter. World Investment Advisors LLC boosted its stake in shares of ProShares UltraPro QQQ by 11.8% during the 3rd quarter. World Investment Advisors LLC now owns 15,987 shares of the exchange traded fund's stock worth $1,159,000 after acquiring an additional 1,684 shares during the last quarter. Tidal Investments LLC purchased a new stake in ProShares UltraPro QQQ in the 3rd quarter worth approximately $11,598,000. Oriental Harbor Investment Fund purchased a new position in shares of ProShares UltraPro QQQ during the 3rd quarter valued at $82,199,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of ProShares UltraPro QQQ by 55.3% in the third quarter. JPMorgan Chase & Co. now owns 16,951 shares of the exchange traded fund's stock worth $1,229,000 after acquiring an additional 6,039 shares during the period.

ProShares UltraPro QQQ Trading Down 0.4 %

Shares of NASDAQ:TQQQ traded down $0.20 during mid-day trading on Friday, reaching $45.09. The stock had a trading volume of 100,709,484 shares, compared to its average volume of 63,424,214. The company has a market cap of $18.59 billion, a P/E ratio of 17.85 and a beta of 3.45. The business's 50 day moving average price is $63.64 and its 200 day moving average price is $74.43. 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 firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Wednesday, March 26th were given a $0.1977 dividend. This represents a $0.79 annualized dividend and a yield of 1.75%. The ex-dividend date was Wednesday, March 26th.

ProShares UltraPro QQQ 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.