ProShares UltraPro QQQ (NASDAQ:TQQQ) Shares Sold by M&T Bank Corp

M&T Bank Corp reduced its stake in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 8.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,650 shares of the exchange traded fund’s stock after selling 750 shares during the period. M&T Bank Corp’s holdings in ProShares UltraPro QQQ were worth $438,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in TQQQ. Raymond James Financial Inc. acquired a new stake in shares of ProShares UltraPro QQQ in the 4th quarter worth approximately $364,000. Independent Advisor Alliance acquired a new position in shares of ProShares UltraPro QQQ in the 4th quarter worth approximately $220,000. HighTower Advisors LLC grew its stake in shares of ProShares UltraPro QQQ by 38.6% in the 4th quarter. HighTower Advisors LLC now owns 17,168 shares of the exchange traded fund’s stock worth $1,358,000 after purchasing an additional 4,779 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of ProShares UltraPro QQQ by 111.3% in the 4th quarter. Farther Finance Advisors LLC now owns 3,256 shares of the exchange traded fund’s stock worth $258,000 after purchasing an additional 1,715 shares during the last quarter. Finally, Thrivent Financial for Lutherans acquired a new position in shares of ProShares UltraPro QQQ in the 4th quarter worth approximately $212,000.

ProShares UltraPro QQQ Stock Performance

NASDAQ TQQQ opened at $85.07 on Thursday. ProShares UltraPro QQQ has a 1 year low of $35.00 and a 1 year high of $93.79. The business’s fifty day moving average is $74.96 and its two-hundred day moving average is $70.70. The stock has a market capitalization of $27.39 billion, a P/E ratio of 38.25 and a beta of 3.45.

ProShares UltraPro QQQ Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Wednesday, June 25th were given a dividend of $0.2183 per share. The ex-dividend date of this dividend was Wednesday, June 25th. This is a positive change from ProShares UltraPro QQQ’s previous quarterly dividend of $0.20. This represents a $0.87 dividend on an annualized basis and a dividend yield of 1.03%.

ProShares UltraPro QQQ 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.