SVB Wealth LLC Makes New $791,000 Investment in ProShares UltraPro QQQ (NASDAQ:TQQQ)

SVB Wealth LLC purchased a new position 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 institutional investor purchased 10,000 shares of the exchange traded fund's stock, valued at approximately $791,000.

Other institutional investors have also bought and sold shares of the company. Avidian Wealth Enterprises LLC increased its stake in ProShares UltraPro QQQ by 8.8% in the 3rd quarter. Avidian Wealth Enterprises LLC now owns 210,376 shares of the exchange traded fund's stock worth $15,250,000 after buying an additional 17,017 shares in the last quarter. Drive Wealth Management LLC purchased a new stake in ProShares UltraPro QQQ in the 4th quarter worth $1,108,000. Oriental Harbor Investment Fund purchased a new stake in ProShares UltraPro QQQ in the 3rd quarter worth $82,199,000. HighTower Advisors LLC increased its stake in ProShares UltraPro QQQ by 121.2% in the 3rd quarter. HighTower Advisors LLC now owns 12,389 shares of the exchange traded fund's stock worth $896,000 after buying an additional 6,788 shares in the last quarter. Finally, Cerity Partners LLC increased its stake in ProShares UltraPro QQQ by 30.5% in the 3rd quarter. Cerity Partners LLC now owns 29,339 shares of the exchange traded fund's stock worth $2,127,000 after buying an additional 6,857 shares in the last quarter.

ProShares UltraPro QQQ Stock Down 4.3 %

TQQQ stock traded down $3.11 during trading on Thursday, reaching $68.90. The company's stock had a trading volume of 18,170,302 shares, compared to its average volume of 55,824,000. The company has a market capitalization of $21.16 billion, a P/E ratio of 30.83 and a beta of 3.45. ProShares UltraPro QQQ has a 1 year low of $48.80 and a 1 year high of $93.79. The company's fifty day moving average is $82.40 and its 200-day moving average is $77.48.

ProShares UltraPro QQQ Increases Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid a $0.2754 dividend. This is an increase from ProShares UltraPro QQQ's previous dividend of $0.23. The ex-dividend date was Monday, December 23rd.

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.