HighTower Advisors LLC grew its position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 38.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,168 shares of the exchange traded fund's stock after buying an additional 4,779 shares during the quarter. HighTower Advisors LLC's holdings in ProShares UltraPro QQQ were worth $1,358,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. SVB Wealth LLC bought a new stake in ProShares UltraPro QQQ during the fourth quarter worth $791,000. Chung Wu Investment Group LLC bought a new stake in shares of ProShares UltraPro QQQ during the 4th quarter worth $983,000. Drive Wealth Management LLC purchased a new position in shares of ProShares UltraPro QQQ in the 4th quarter worth about $1,108,000. Oriental Harbor Investment Fund purchased a new position in shares of ProShares UltraPro QQQ in the 3rd quarter worth about $82,199,000. Finally, Cerity Partners LLC grew its position in ProShares UltraPro QQQ by 30.5% during the third quarter. Cerity Partners LLC now owns 29,339 shares of the exchange traded fund's stock valued at $2,127,000 after buying an additional 6,857 shares during the period.
ProShares UltraPro QQQ Stock Performance
TQQQ stock traded down $4.96 during mid-day trading on Friday, hitting $57.34. The company had a trading volume of 103,008,031 shares, compared to its average volume of 56,911,099. The firm has a market cap of $17.61 billion, a PE ratio of 26.02 and a beta of 3.45. ProShares UltraPro QQQ has a 12 month low of $48.80 and a 12 month high of $93.79. The stock's fifty day moving average price is $75.80 and its two-hundred day moving average price is $76.99.
ProShares UltraPro QQQ Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Wednesday, March 26th will be paid a $0.1977 dividend. The ex-dividend date of this dividend is Wednesday, March 26th. This represents a $0.79 annualized dividend and a yield of 1.38%.
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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