LPL Financial LLC boosted its position in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 15.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 71,975 shares of the exchange traded fund's stock after purchasing an additional 9,684 shares during the quarter. LPL Financial LLC's holdings in ProShares UltraPro QQQ were worth $5,695,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TQQQ. PayPay Securities Corp increased its holdings in shares of ProShares UltraPro QQQ by 119.3% during the fourth quarter. PayPay Securities Corp now owns 500 shares of the exchange traded fund's stock worth $40,000 after purchasing an additional 272 shares during the period. Clear Investment Research LLC increased its stake in ProShares UltraPro QQQ by 83.3% during the 4th quarter. Clear Investment Research LLC now owns 1,054 shares of the exchange traded fund's stock worth $83,000 after acquiring an additional 479 shares during the period. Beacon Capital Management LLC acquired a new position in ProShares UltraPro QQQ in the 4th quarter valued at $109,000. James J. Burns & Company LLC bought a new stake in shares of ProShares UltraPro QQQ during the 4th quarter valued at $206,000. Finally, Thrivent Financial for Lutherans acquired a new stake in shares of ProShares UltraPro QQQ during the 4th quarter worth $212,000.
ProShares UltraPro QQQ Stock Performance
Shares of NASDAQ TQQQ traded up $2.44 during mid-day trading on Friday, reaching $48.58. The company had a trading volume of 178,748,731 shares, compared to its average volume of 62,988,815. The firm has a market cap of $19.89 billion, a price-to-earnings ratio of 17.85 and a beta of 3.45. The business's 50-day simple moving average is $67.43 and its 200 day simple moving average is $75.31. ProShares UltraPro QQQ has a one year low of $35.00 and a one year high of $93.79.
ProShares UltraPro QQQ Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 26th were given a $0.1977 dividend. This represents a $0.79 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend was Wednesday, March 26th.
ProShares UltraPro QQQ Company 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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