ProShares UltraPro QQQ (NASDAQ:TQQQ) Shares Bought by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC raised its position in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 13.8% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 130,157 shares of the exchange traded fund’s stock after purchasing an additional 15,821 shares during the period. Orion Portfolio Solutions LLC’s holdings in ProShares UltraPro QQQ were worth $8,012,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Flagstar Advisors Inc. increased its holdings in shares of ProShares UltraPro QQQ by 0.4% in the 4th quarter. Flagstar Advisors Inc. now owns 53,439 shares of the exchange traded fund’s stock worth $2,709,000 after acquiring an additional 233 shares during the period. Wealthspire Advisors LLC boosted its position in ProShares UltraPro QQQ by 3.8% during the 4th quarter. Wealthspire Advisors LLC now owns 7,569 shares of the exchange traded fund’s stock worth $384,000 after acquiring an additional 279 shares during the period. Physician Wealth Advisors Inc. boosted its position in ProShares UltraPro QQQ by 4.1% during the 1st quarter. Physician Wealth Advisors Inc. now owns 7,675 shares of the exchange traded fund’s stock worth $472,000 after acquiring an additional 302 shares during the period. Millington Financial Advisors LLC grew its stake in shares of ProShares UltraPro QQQ by 2.3% in the fourth quarter. Millington Financial Advisors LLC now owns 18,148 shares of the exchange traded fund’s stock worth $920,000 after purchasing an additional 412 shares in the last quarter. Finally, Signaturefd LLC increased its stake in ProShares UltraPro QQQ by 9.6% during the 4th quarter. Signaturefd LLC now owns 4,798 shares of the exchange traded fund’s stock valued at $243,000 after buying an additional 422 shares during the period.

ProShares UltraPro QQQ Trading Down 2.7 %

TQQQ stock traded down $1.98 during trading hours on Friday, hitting $71.06. 58,479,656 shares of the stock traded hands, compared to its average volume of 63,268,352. The stock has a 50-day simple moving average of $71.17 and a 200 day simple moving average of $61.71. ProShares UltraPro QQQ has a one year low of $30.47 and a one year high of $85.20.

ProShares UltraPro QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 3rd. Shareholders of record on Wednesday, June 26th were issued a dividend of $0.2828 per share. This represents a $1.13 annualized dividend and a yield of 1.59%. The ex-dividend date was Wednesday, June 26th. This is an increase from ProShares UltraPro QQQ’s previous quarterly dividend of $0.22.

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.