TB Alternative Assets Ltd. Purchases New Position in ProShares UltraPro QQQ (NASDAQ:TQQQ)

TB Alternative Assets Ltd. acquired a new position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund acquired 70,700 shares of the exchange traded fund's stock, valued at approximately $4,352,000. ProShares UltraPro QQQ makes up 1.1% of TB Alternative Assets Ltd.'s holdings, making the stock its 22nd largest position.

Other large investors also recently bought and sold shares of the company. Sandy Spring Bank grew its position in shares of ProShares UltraPro QQQ by 1,113.0% in the fourth quarter. Sandy Spring Bank now owns 558 shares of the exchange traded fund's stock valued at $28,000 after purchasing an additional 512 shares in the last quarter. Signature Resources Capital Management LLC purchased a new stake in shares of ProShares UltraPro QQQ in the fourth quarter valued at approximately $29,000. Westend Capital Management LLC acquired a new position in ProShares UltraPro QQQ in the first quarter valued at approximately $48,000. Hazlett Burt & Watson Inc. acquired a new position in ProShares UltraPro QQQ in the fourth quarter valued at approximately $51,000. Finally, Massmutual Trust Co. FSB ADV acquired a new position in ProShares UltraPro QQQ in the first quarter valued at approximately $63,000.

ProShares UltraPro QQQ Trading Up 0.6 %

TQQQ traded up $0.46 during trading hours on Wednesday, reaching $74.46. The company's stock had a trading volume of 35,705,459 shares, compared to its average volume of 65,258,020. ProShares UltraPro QQQ has a fifty-two week low of $30.47 and a fifty-two week high of $77.72. The business's 50-day moving average is $63.42 and its 200-day moving average is $58.54.

ProShares UltraPro QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 3rd. Investors of record on Wednesday, June 26th will be issued a $0.2828 dividend. The ex-dividend date of this dividend is Wednesday, June 26th. This is a boost from ProShares UltraPro QQQ's previous quarterly dividend of $0.22. This represents a $1.13 dividend on an annualized basis and a yield of 1.52%.

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.