Trek Financial LLC Takes Position in ProShares UltraPro QQQ (NASDAQ:TQQQ)

Trek Financial LLC purchased a new position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 3,018 shares of the exchange traded fund’s stock, valued at approximately $239,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Sepio Capital LP purchased a new position in ProShares UltraPro QQQ in the 4th quarter valued at about $201,000. Envestnet Asset Management Inc. purchased a new position in ProShares UltraPro QQQ in the fourth quarter valued at about $390,000. Maridea Wealth Management LLC acquired a new stake in ProShares UltraPro QQQ during the 4th quarter valued at approximately $275,000. Orion Portfolio Solutions LLC increased its holdings in ProShares UltraPro QQQ by 7.0% during the 4th quarter. Orion Portfolio Solutions LLC now owns 157,596 shares of the exchange traded fund’s stock worth $12,471,000 after purchasing an additional 10,284 shares during the last quarter. Finally, X Square Capital LLC raised its position in shares of ProShares UltraPro QQQ by 57.1% in the 4th quarter. X Square Capital LLC now owns 5,500 shares of the exchange traded fund’s stock valued at $435,000 after purchasing an additional 2,000 shares in the last quarter.

ProShares UltraPro QQQ Trading Down 5.7 %

TQQQ stock opened at $38.90 on Wednesday. The firm has a 50 day simple moving average of $70.03 and a 200-day simple moving average of $75.93. The company has a market capitalization of $13.32 billion, a P/E ratio of 17.85 and a beta of 3.45. ProShares UltraPro QQQ has a twelve month low of $35.00 and a twelve month high of $93.79.

ProShares UltraPro QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 26th were issued a dividend of $0.1977 per share. This represents a $0.79 annualized dividend and a yield of 2.03%. 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.