Primoris Wealth Advisors LLC Purchases Shares of 13,500 ProShares UltraPro QQQ (NASDAQ:TQQQ)

Primoris Wealth Advisors LLC purchased a new position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 13,500 shares of the exchange traded fund's stock, valued at approximately $1,068,000.

A number of other large investors have also made changes to their positions in TQQQ. HighTower Advisors LLC increased its position in shares of ProShares UltraPro QQQ by 121.2% in 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 during the last quarter. World Investment Advisors LLC grew its stake in shares of ProShares UltraPro QQQ by 11.8% in the third quarter. World Investment Advisors LLC now owns 15,987 shares of the exchange traded fund's stock valued at $1,159,000 after buying an additional 1,684 shares in the last quarter. Tidal Investments LLC acquired a new position in ProShares UltraPro QQQ during the third quarter worth $11,598,000. Oriental Harbor Investment Fund bought a new stake in ProShares UltraPro QQQ during the third quarter worth $82,199,000. Finally, JPMorgan Chase & Co. lifted its stake in 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 valued at $1,229,000 after acquiring an additional 6,039 shares during the last quarter.

ProShares UltraPro QQQ Trading Down 0.4 %

NASDAQ:TQQQ traded down $0.20 on Friday, hitting $45.09. The company's stock had a trading volume of 100,709,484 shares, compared to its average volume of 63,515,715. ProShares UltraPro QQQ has a one year low of $35.00 and a one year high of $93.79. The stock has a fifty day moving average of $64.44 and a two-hundred day moving average of $74.59. The firm has a market capitalization of $18.59 billion, a P/E ratio of 17.85 and a beta of 3.45.

ProShares UltraPro QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 26th were issued a $0.1977 dividend. This represents a $0.79 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend 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.