Atlantic Union Bankshares Corp Makes New $47,000 Investment in ProShares UltraPro QQQ $TQQQ

Atlantic Union Bankshares Corp bought a new stake in ProShares UltraPro QQQ (NASDAQ:TQQQ) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 562 shares of the exchange traded fund’s stock, valued at approximately $47,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Jump Financial LLC purchased a new position in shares of ProShares UltraPro QQQ during the 1st quarter worth approximately $53,458,000. Cassaday & Co Wealth Management LLC lifted its stake in ProShares UltraPro QQQ by 33.7% during the second quarter. Cassaday & Co Wealth Management LLC now owns 45,931 shares of the exchange traded fund’s stock worth $3,812,000 after purchasing an additional 11,582 shares in the last quarter. Cutler Investment Counsel LLC acquired a new position in ProShares UltraPro QQQ during the first quarter worth $202,000. Howard Capital Management Inc. boosted its position in shares of ProShares UltraPro QQQ by 1,071.0% during the second quarter. Howard Capital Management Inc. now owns 4,855,196 shares of the exchange traded fund’s stock worth $404,067,000 after buying an additional 4,440,578 shares during the period. Finally, Financial Insights Inc. acquired a new stake in shares of ProShares UltraPro QQQ in the second quarter valued at $213,000.

ProShares UltraPro QQQ Trading Down 0.8%

TQQQ opened at $111.78 on Wednesday. The stock’s 50-day moving average price is $104.48 and its 200 day moving average price is $87.80. ProShares UltraPro QQQ has a 12-month low of $35.00 and a 12-month high of $121.37. The firm has a market cap of $29.31 billion, a price-to-earnings ratio of 38.25 and a beta of 3.46.

ProShares UltraPro QQQ shares are scheduled to split on Thursday, November 20th. The 2-1 split was recently announced. The newly issued shares will be distributed to shareholders after the closing bell on Wednesday, November 19th.

ProShares UltraPro QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Wednesday, September 24th were given a $0.0978 dividend. The ex-dividend date of this dividend was Wednesday, September 24th. This represents a $0.39 dividend on an annualized basis and a dividend yield of 0.4%.

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.