ProShares UltraPro QQQ $TQQQ Shares Purchased by PMV Capital Advisers LLC

PMV Capital Advisers LLC boosted its holdings in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) by 90.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,138 shares of the exchange traded fund’s stock after buying an additional 14,344 shares during the quarter. ProShares UltraPro QQQ accounts for 2.9% of PMV Capital Advisers LLC’s investment portfolio, making the stock its 11th largest position. PMV Capital Advisers LLC’s holdings in ProShares UltraPro QQQ were worth $1,589,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Cantor Fitzgerald L. P. grew its stake in shares of ProShares UltraPro QQQ by 823.5% in the third quarter. Cantor Fitzgerald L. P. now owns 779,017 shares of the exchange traded fund’s stock worth $80,550,000 after acquiring an additional 694,661 shares in the last quarter. McElhenny Sheffield Capital Management LLC raised its stake in shares of ProShares UltraPro QQQ by 4.8% in the third quarter. McElhenny Sheffield Capital Management LLC now owns 682,781 shares of the exchange traded fund’s stock valued at $70,600,000 after acquiring an additional 31,361 shares in the last quarter. Citigroup Inc. boosted its holdings in ProShares UltraPro QQQ by 3,108.0% in the third quarter. Citigroup Inc. now owns 601,603 shares of the exchange traded fund’s stock valued at $62,206,000 after purchasing an additional 621,603 shares during the period. Goldman Sachs Group Inc. boosted its holdings in ProShares UltraPro QQQ by 4,237.0% in the first quarter. Goldman Sachs Group Inc. now owns 520,444 shares of the exchange traded fund’s stock valued at $29,821,000 after purchasing an additional 508,444 shares during the period. Finally, Quadrature Capital Ltd acquired a new position in ProShares UltraPro QQQ during the 2nd quarter worth $35,551,000.

ProShares UltraPro QQQ Price Performance

Shares of NASDAQ TQQQ opened at $43.00 on Monday. The stock’s 50-day moving average is $50.73 and its two-hundred day moving average is $52.12. ProShares UltraPro QQQ has a 1-year low of $17.50 and a 1-year high of $60.69. The company has a market cap of $23.08 billion, a price-to-earnings ratio of 38.25 and a beta of 3.46.

ProShares UltraPro QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 24th were given a dividend of $0.0855 per share. This is a boost from ProShares UltraPro QQQ’s previous quarterly dividend of $0.05. This represents a $0.34 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Wednesday, December 24th.

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. ProShare Advisors LLC (ProShare Advisors) provides the investment advisory and management services for the Fund.