ProShares UltraPro QQQ $TQQQ Shares Purchased by Orion Porfolio Solutions LLC

Orion Porfolio Solutions LLC raised its holdings in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 148.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 84,408 shares of the exchange traded fund’s stock after purchasing an additional 50,404 shares during the quarter. Orion Porfolio Solutions LLC’s holdings in ProShares UltraPro QQQ were worth $8,728,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Citigroup Inc. boosted its stake in shares of 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 buying an additional 621,603 shares in the last quarter. Goldman Sachs Group Inc. raised its position 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 worth $29,821,000 after acquiring an additional 508,444 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in ProShares UltraPro QQQ in the second quarter valued at $35,551,000. Tower Research Capital LLC TRC lifted its holdings in ProShares UltraPro QQQ by 387.1% in the second quarter. Tower Research Capital LLC TRC now owns 198,910 shares of the exchange traded fund’s stock valued at $16,510,000 after acquiring an additional 158,074 shares during the period. Finally, Vestia Personal Wealth Advisors boosted its position in shares of ProShares UltraPro QQQ by 208.9% during the 3rd quarter. Vestia Personal Wealth Advisors now owns 154,444 shares of the exchange traded fund’s stock worth $154,000 after purchasing an additional 104,444 shares in the last quarter.

ProShares UltraPro QQQ Stock Down 4.5%

NASDAQ:TQQQ opened at $47.54 on Friday. The firm’s fifty day simple moving average is $52.10 and its 200-day simple moving average is $51.85. The stock has a market cap of $25.52 billion, a PE ratio of 38.25 and a beta of 3.46. ProShares UltraPro QQQ has a fifty-two week low of $17.50 and a fifty-two week high of $60.69.

ProShares UltraPro QQQ Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 24th were issued a $0.0855 dividend. This represents a $0.34 dividend on an annualized basis and a yield of 0.7%. This is a boost from ProShares UltraPro QQQ’s previous quarterly dividend of $0.05. 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.