Chung Wu Investment Group LLC purchased a new position in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 12,420 shares of the exchange traded fund's stock, valued at approximately $983,000. ProShares UltraPro QQQ makes up 1.0% of Chung Wu Investment Group LLC's investment portfolio, making the stock its 24th biggest position.
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. SVB Wealth LLC purchased a new position in shares of ProShares UltraPro QQQ in the fourth quarter worth approximately $791,000. Avidian Wealth Enterprises LLC boosted its stake in ProShares UltraPro QQQ by 8.8% in the 3rd quarter. Avidian Wealth Enterprises LLC now owns 210,376 shares of the exchange traded fund's stock worth $15,250,000 after purchasing an additional 17,017 shares during the period. Drive Wealth Management LLC purchased a new position in ProShares UltraPro QQQ during the 4th quarter worth approximately $1,108,000. Oriental Harbor Investment Fund acquired a new stake in ProShares UltraPro QQQ during the 3rd quarter valued at $82,199,000. Finally, HighTower Advisors LLC raised its stake in ProShares UltraPro QQQ by 121.2% during the 3rd quarter. HighTower Advisors LLC now owns 12,389 shares of the exchange traded fund's stock valued at $896,000 after purchasing an additional 6,788 shares during the period.
ProShares UltraPro QQQ Stock Down 11.3 %
Shares of ProShares UltraPro QQQ stock traded down $7.60 during midday trading on Monday, hitting $59.81. The company's stock had a trading volume of 154,299,550 shares, compared to its average volume of 62,282,938. ProShares UltraPro QQQ has a 1-year low of $48.80 and a 1-year high of $93.79. The firm has a market capitalization of $18.37 billion, a P/E ratio of 30.83 and a beta of 3.45. The stock has a 50-day simple moving average of $81.28 and a 200-day simple moving average of $77.42.
ProShares UltraPro QQQ Increases Dividend
The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given a dividend of $0.2754 per share. The ex-dividend date of this dividend was Monday, December 23rd. This is a positive change from ProShares UltraPro QQQ's previous dividend of $0.23.
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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