8,191 Shares in ProShares UltraPro QQQ (NASDAQ:TQQQ) Acquired by Global Assets Advisory LLC

Global Assets Advisory LLC purchased a new position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 8,191 shares of the exchange traded fund’s stock, valued at approximately $469,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Richmond Brothers Inc. raised its stake in shares of ProShares UltraPro QQQ by 1.9% in the fourth quarter. Richmond Brothers Inc. now owns 8,817 shares of the exchange traded fund’s stock worth $698,000 after purchasing an additional 163 shares during the last quarter. Parallel Advisors LLC raised its stake in shares of ProShares UltraPro QQQ by 5.1% in the first quarter. Parallel Advisors LLC now owns 5,654 shares of the exchange traded fund’s stock worth $324,000 after purchasing an additional 274 shares during the last quarter. Beacon Capital Management LLC raised its stake in shares of ProShares UltraPro QQQ by 32.8% in the first quarter. Beacon Capital Management LLC now owns 1,823 shares of the exchange traded fund’s stock worth $104,000 after purchasing an additional 450 shares during the last quarter. Rathbones Group PLC raised its stake in shares of ProShares UltraPro QQQ by 2.9% in the fourth quarter. Rathbones Group PLC now owns 16,723 shares of the exchange traded fund’s stock worth $1,323,000 after purchasing an additional 475 shares during the last quarter. Finally, Clear Investment Research LLC raised its stake 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 worth $83,000 after purchasing an additional 479 shares during the last quarter.

ProShares UltraPro QQQ Stock Up 0.5%

Shares of ProShares UltraPro QQQ stock opened at $78.48 on Thursday. The company has a market cap of $30.39 billion, a PE ratio of 38.25 and a beta of 3.45. The business has a 50 day moving average price of $65.61 and a 200-day moving average price of $71.06. ProShares UltraPro QQQ has a 52 week low of $35.00 and a 52 week high of $93.79.

ProShares UltraPro QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Wednesday, June 25th will be given a dividend of $0.2183 per share. This represents a $0.87 dividend on an annualized basis and a dividend yield of 1.11%. This is an increase from ProShares UltraPro QQQ’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Wednesday, June 25th.

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.