SBI Securities Co. Ltd. Takes $9.97 Million Position in ProShares UltraPro QQQ (NASDAQ:TQQQ)

SBI Securities Co. Ltd. acquired a new position in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 125,994 shares of the exchange traded fund's stock, valued at approximately $9,970,000.

Other institutional investors have also recently made changes to their positions in the company. Oriental Harbor Investment Fund acquired a new stake in ProShares UltraPro QQQ during the 3rd quarter worth about $82,199,000. Paragon Advisors LLC boosted its stake in shares of ProShares UltraPro QQQ by 22.9% in the third quarter. Paragon Advisors LLC now owns 741,671 shares of the exchange traded fund's stock worth $53,764,000 after buying an additional 138,343 shares during the last quarter. PPSC Investment Service Corp grew its holdings in ProShares UltraPro QQQ by 17.5% during the fourth quarter. PPSC Investment Service Corp now owns 446,415 shares of the exchange traded fund's stock worth $35,325,000 after acquiring an additional 66,582 shares during the period. BNP Paribas Financial Markets purchased a new position in ProShares UltraPro QQQ during the third quarter valued at approximately $21,747,000. Finally, Avidian Wealth Enterprises LLC raised its position in ProShares UltraPro QQQ by 8.8% during the third quarter. Avidian Wealth Enterprises LLC now owns 210,376 shares of the exchange traded fund's stock valued at $15,250,000 after acquiring an additional 17,017 shares in the last quarter.

ProShares UltraPro QQQ Stock Up 4.2 %

Shares of NASDAQ:TQQQ traded up $2.92 during trading on Wednesday, hitting $72.23. 100,131,547 shares of the stock traded hands, compared to its average volume of 56,904,715. ProShares UltraPro QQQ has a 52-week low of $48.80 and a 52-week high of $93.79. The company has a fifty day moving average price of $82.40 and a two-hundred day moving average price of $77.48. The company has a market cap of $22.18 billion, a price-to-earnings ratio of 30.83 and a beta of 3.45.

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ProShares UltraPro QQQ Increases Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were given a dividend of $0.2754 per share. The ex-dividend date of this dividend was Monday, December 23rd. This is a boost from ProShares UltraPro QQQ's previous dividend of $0.23.

ProShares UltraPro QQQ Company 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.