NewEdge Advisors LLC Grows Stock Holdings in ProShares UltraPro QQQ (NASDAQ:TQQQ)

NewEdge Advisors LLC raised its stake in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) by 3,594.6% in the 4th quarter, Holdings Channel reports. The fund owned 15,111 shares of the exchange traded fund’s stock after acquiring an additional 14,702 shares during the quarter. NewEdge Advisors LLC’s holdings in ProShares UltraPro QQQ were worth $1,196,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in TQQQ. Oriental Harbor Investment Fund acquired a new position in shares of ProShares UltraPro QQQ during the third quarter worth about $82,199,000. Tidal Investments LLC purchased a new stake in ProShares UltraPro QQQ in the 3rd quarter valued at approximately $11,598,000. SBI Securities Co. Ltd. acquired a new position in ProShares UltraPro QQQ during the 4th quarter worth approximately $9,970,000. Finward Bancorp purchased a new position in shares of ProShares UltraPro QQQ during the 4th quarter worth approximately $8,775,000. Finally, PPSC Investment Service Corp lifted its holdings in shares of ProShares UltraPro QQQ by 17.5% in the 4th quarter. PPSC Investment Service Corp now owns 446,415 shares of the exchange traded fund’s stock valued at $35,325,000 after buying an additional 66,582 shares during the period.

ProShares UltraPro QQQ Price Performance

Shares of TQQQ stock opened at $52.14 on Friday. The business’s fifty day moving average price is $60.32 and its 200 day moving average price is $73.78. The firm has a market capitalization of $21.19 billion, a PE ratio of 17.85 and a beta of 3.45. ProShares UltraPro QQQ has a 1-year low of $35.00 and a 1-year high of $93.79.

ProShares UltraPro QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 26th were paid a dividend of $0.1977 per share. The ex-dividend date was Wednesday, March 26th. This represents a $0.79 dividend on an annualized basis and a dividend yield of 1.52%.

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.