ProShares UltraPro QQQ (NASDAQ:TQQQ) Shares Purchased by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC grew its holdings in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 7.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 157,596 shares of the exchange traded fund's stock after purchasing an additional 10,284 shares during the period. Orion Portfolio Solutions LLC owned approximately 0.05% of ProShares UltraPro QQQ worth $12,471,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Oriental Harbor Investment Fund purchased a new position in shares of ProShares UltraPro QQQ in the 3rd quarter valued at about $82,199,000. PPSC Investment Service Corp raised its stake in shares of ProShares UltraPro QQQ by 17.5% during the 4th quarter. PPSC Investment Service Corp now owns 446,415 shares of the exchange traded fund's stock worth $35,325,000 after buying an additional 66,582 shares during the last quarter. BNP Paribas Financial Markets purchased a new stake in shares of ProShares UltraPro QQQ in the 3rd quarter worth about $21,747,000. Ridgepath Capital Management LLC grew its stake in ProShares UltraPro QQQ by 21.0% in the 4th quarter. Ridgepath Capital Management LLC now owns 163,389 shares of the exchange traded fund's stock valued at $12,929,000 after acquiring an additional 28,341 shares during the last quarter. Finally, Tidal Investments LLC purchased a new position in ProShares UltraPro QQQ during the 3rd quarter valued at about $11,598,000.

ProShares UltraPro QQQ Price Performance

Shares of NASDAQ TQQQ traded up $1.61 on Wednesday, hitting $60.23. The company's stock had a trading volume of 54,452,970 shares, compared to its average volume of 57,279,520. The stock has a 50 day moving average of $74.76 and a 200-day moving average of $76.95. The company has a market capitalization of $18.50 billion, a price-to-earnings 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.

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ProShares UltraPro QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Wednesday, March 26th were paid a $0.1977 dividend. This represents a $0.79 dividend on an annualized basis and a yield of 1.31%. 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.