Virtus Wealth Solutions LLC purchased a new stake in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 8,716 shares of the exchange traded fund's stock, valued at approximately $690,000.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. PayPay Securities Corp raised its stake in ProShares UltraPro QQQ by 119.3% during the 4th quarter. PayPay Securities Corp now owns 500 shares of the exchange traded fund's stock valued at $40,000 after acquiring an additional 272 shares in the last quarter. Clear Investment Research LLC raised its stake in shares of ProShares UltraPro QQQ by 83.3% during the fourth quarter. Clear Investment Research LLC now owns 1,054 shares of the exchange traded fund's stock valued at $83,000 after purchasing an additional 479 shares in the last quarter. Beacon Capital Management LLC bought a new stake in shares of ProShares UltraPro QQQ during the fourth quarter valued at about $109,000. Sepio Capital LP acquired a new stake in ProShares UltraPro QQQ in the fourth quarter worth about $201,000. Finally, James J. Burns & Company LLC bought a new position in ProShares UltraPro QQQ in the 4th quarter valued at about $206,000.
ProShares UltraPro QQQ Stock Performance
Shares of TQQQ stock traded down $0.20 during midday trading on Friday, reaching $45.09. 100,709,484 shares of the company were exchanged, compared to its average volume of 63,515,715. The company's 50 day moving average price is $64.44 and its two-hundred day moving average price is $74.59. The company has a market cap of $18.59 billion, a P/E ratio of 17.85 and a beta of 3.45. ProShares UltraPro QQQ has a 12 month low of $35.00 and a 12 month high of $93.79.
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. The ex-dividend date of this dividend was Wednesday, March 26th. This represents a $0.79 annualized dividend and a yield of 1.75%.
ProShares UltraPro QQQ Profile
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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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