Raymond James Financial Inc. Makes New $364,000 Investment in ProShares UltraPro QQQ (NASDAQ:TQQQ)

Raymond James Financial Inc. purchased a new stake in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 4,606 shares of the exchange traded fund’s stock, valued at approximately $364,000.

Other large investors have also recently modified their holdings of the company. PayPay Securities Corp lifted its holdings in shares of ProShares UltraPro QQQ by 119.3% in the 4th quarter. PayPay Securities Corp now owns 500 shares of the exchange traded fund’s stock worth $40,000 after buying an additional 272 shares during the period. Beacon Capital Management LLC purchased a new stake in ProShares UltraPro QQQ in the fourth quarter worth about $109,000. James J. Burns & Company LLC bought a new position in ProShares UltraPro QQQ during the 4th quarter worth about $206,000. Carnegie Investment Counsel purchased a new position in ProShares UltraPro QQQ during the 4th quarter valued at about $214,000. Finally, BCS Wealth Management bought a new stake in shares of ProShares UltraPro QQQ in the 4th quarter valued at about $236,000.

ProShares UltraPro QQQ Stock Performance

Shares of TQQQ opened at $52.61 on Thursday. The stock has a market capitalization of $18.01 billion, a PE ratio of 17.85 and a beta of 3.45. The company has a 50 day moving average price of $68.82 and a 200-day moving average price of $75.64. ProShares UltraPro QQQ has a fifty-two week low of $35.00 and a fifty-two week 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 issued a $0.1977 dividend. The ex-dividend date was Wednesday, March 26th. This represents a $0.79 dividend on an annualized basis and a dividend yield of 1.50%.

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.