Mariner LLC Raises Stock Holdings in ProShares UltraPro QQQ (NASDAQ:TQQQ)

Mariner LLC boosted its stake in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 109.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 59,818 shares of the exchange traded fund's stock after purchasing an additional 31,319 shares during the quarter. Mariner LLC's holdings in ProShares UltraPro QQQ were worth $4,733,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hanseatic Management Services Inc. grew its holdings in shares of ProShares UltraPro QQQ by 2.9% during the 4th quarter. Hanseatic Management Services Inc. now owns 4,656 shares of the exchange traded fund's stock worth $368,000 after purchasing an additional 132 shares during the period. Capital Investment Advisory Services LLC grew its stake in ProShares UltraPro QQQ by 2.7% during the fourth quarter. Capital Investment Advisory Services LLC now owns 5,295 shares of the exchange traded fund's stock worth $419,000 after buying an additional 140 shares during the period. Richmond Brothers Inc. increased its position in shares of ProShares UltraPro QQQ by 1.9% in the fourth quarter. Richmond Brothers Inc. now owns 8,817 shares of the exchange traded fund's stock worth $698,000 after acquiring an additional 163 shares in the last quarter. Erickson Financial Group LLC lifted its holdings in shares of ProShares UltraPro QQQ by 3.0% during the 4th quarter. Erickson Financial Group LLC now owns 8,479 shares of the exchange traded fund's stock valued at $671,000 after acquiring an additional 250 shares in the last quarter. Finally, PayPay Securities Corp lifted its holdings in shares of 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.

ProShares UltraPro QQQ Stock Performance

Shares of NASDAQ:TQQQ traded up $3.28 during mid-day trading on Wednesday, hitting $48.34. 150,877,299 shares of the company traded hands, compared to its average volume of 63,966,792. The firm's 50 day simple moving average is $61.90 and its 200 day simple moving average is $74.08. The firm has a market cap of $19.65 billion, a P/E ratio of 17.85 and a beta of 3.45. ProShares UltraPro QQQ has a 52-week low of $35.00 and a 52-week high of $93.79.

ProShares UltraPro QQQ Cuts Dividend

The company also recently declared 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. This represents a $0.79 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date 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.