ProShares UltraPro QQQ (NASDAQ:TQQQ) is Main Street Group LTD’s 10th Largest Position

Main Street Group LTD raised its holdings in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 1.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 48,567 shares of the exchange traded fund’s stock after buying an additional 702 shares during the quarter. ProShares UltraPro QQQ comprises 1.4% of Main Street Group LTD’s holdings, making the stock its 10th largest position. Main Street Group LTD’s holdings in ProShares UltraPro QQQ were worth $3,843,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. PayPay Securities Corp increased its holdings in shares of ProShares UltraPro QQQ by 119.3% in the fourth quarter. PayPay Securities Corp now owns 500 shares of the exchange traded fund’s stock valued at $40,000 after purchasing an additional 272 shares during the period. Cary Street Partners Financial LLC acquired a new position in shares of ProShares UltraPro QQQ in the fourth quarter valued at about $47,000. Clear Investment Research LLC increased its holdings in shares of ProShares UltraPro QQQ by 83.3% in the fourth quarter. Clear Investment Research LLC now owns 1,054 shares of the exchange traded fund’s stock valued at $83,000 after purchasing an additional 479 shares during the period. Beacon Capital Management LLC acquired a new position in shares of ProShares UltraPro QQQ in the fourth quarter valued at about $109,000. Finally, Sepio Capital LP acquired a new position in shares of ProShares UltraPro QQQ in the fourth quarter valued at about $201,000.

ProShares UltraPro QQQ Stock Performance

Shares of TQQQ stock opened at $69.14 on Wednesday. The firm has a market capitalization of $26.77 billion, a PE ratio of 27.46 and a beta of 3.45. ProShares UltraPro QQQ has a fifty-two week low of $35.00 and a fifty-two week high of $93.79. The stock’s 50-day simple moving average is $55.22 and its 200-day simple moving average is $72.37.

ProShares UltraPro QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors 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 1.14%. The ex-dividend date was Wednesday, March 26th.

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.