4,935 Shares in ProShares UltraPro QQQ (NASDAQ:TQQQ) Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. acquired a new stake in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 4,935 shares of the exchange traded fund’s stock, valued at approximately $390,000.

Several other institutional investors have also modified their holdings of TQQQ. Hanseatic Management Services Inc. boosted its position in ProShares UltraPro QQQ by 2.9% during the fourth quarter. Hanseatic Management Services Inc. now owns 4,656 shares of the exchange traded fund’s stock worth $368,000 after acquiring an additional 132 shares during the last quarter. Capital Investment Advisory Services LLC lifted its stake in ProShares UltraPro QQQ by 2.7% in the 4th quarter. Capital Investment Advisory Services LLC now owns 5,295 shares of the exchange traded fund’s stock worth $419,000 after purchasing an additional 140 shares in the last quarter. Richmond Brothers Inc. boosted its holdings in shares of ProShares UltraPro QQQ by 1.9% during the 4th 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. Erickson Financial Group LLC grew its position in shares of ProShares UltraPro QQQ by 3.0% in the fourth quarter. Erickson Financial Group LLC now owns 8,479 shares of the exchange traded fund’s stock valued at $671,000 after purchasing an additional 250 shares in the last quarter. Finally, PayPay Securities Corp grew its position 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 in the last quarter.

ProShares UltraPro QQQ Stock Performance

Shares of ProShares UltraPro QQQ stock opened at $58.40 on Tuesday. The business’s 50 day moving average price is $56.35 and its 200 day moving average price is $72.90. The company has a market cap of $22.62 billion, a price-to-earnings ratio of 27.46 and a beta of 3.45. ProShares UltraPro QQQ has a one year low of $35.00 and a one year 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 dividend of $0.1977 per share. The ex-dividend date was Wednesday, March 26th. This represents a $0.79 annualized dividend and a dividend yield of 1.35%.

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.