SVB Wealth LLC Buys Shares of 10,000 ProShares UltraPro QQQ (NASDAQ:TQQQ)

SVB Wealth LLC purchased a new stake in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 10,000 shares of the exchange traded fund's stock, valued at approximately $791,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Hanseatic Management Services Inc. boosted its holdings in shares of ProShares UltraPro QQQ by 2.9% in the fourth quarter. Hanseatic Management Services Inc. now owns 4,656 shares of the exchange traded fund's stock worth $368,000 after buying an additional 132 shares during the period. Capital Investment Advisory Services LLC lifted its position in shares of ProShares UltraPro QQQ by 2.7% in the 4th quarter. Capital Investment Advisory Services LLC now owns 5,295 shares of the exchange traded fund's stock valued at $419,000 after acquiring an additional 140 shares in the last quarter. Sheaff Brock Investment Advisors LLC boosted its stake in ProShares UltraPro QQQ by 0.6% in the 3rd quarter. Sheaff Brock Investment Advisors LLC now owns 26,075 shares of the exchange traded fund's stock worth $1,890,000 after purchasing an additional 158 shares during the period. Erickson Financial Group LLC grew its position in 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 worth $671,000 after purchasing an additional 250 shares in the last quarter. Finally, PayPay Securities Corp raised its stake in 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 purchasing an additional 272 shares during the period.

Remove Ads

ProShares UltraPro QQQ Stock Up 2.1 %

Shares of TQQQ traded up $1.37 during mid-day trading on Friday, reaching $67.41. The company's stock had a trading volume of 134,532,857 shares, compared to its average volume of 60,181,035. The company has a market cap of $20.70 billion, a price-to-earnings ratio of 30.83 and a beta of 3.45. The business has a fifty day moving average of $81.63 and a 200 day moving average of $77.36. ProShares UltraPro QQQ has a 1 year low of $48.80 and a 1 year high of $93.79.

ProShares UltraPro QQQ Increases Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders 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 positive change from ProShares UltraPro QQQ's previous dividend of $0.23.

About ProShares UltraPro QQQ

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.