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

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

Other large investors have also recently made changes to their positions in the company. PayPay Securities Corp increased its holdings 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 during the period. Beacon Capital Management LLC purchased a new stake in ProShares UltraPro QQQ in the fourth quarter valued at approximately $109,000. James J. Burns & Company LLC purchased a new stake in ProShares UltraPro QQQ in the fourth quarter valued at approximately $206,000. Carnegie Investment Counsel acquired a new stake in ProShares UltraPro QQQ during the 4th quarter valued at approximately $214,000. Finally, BCS Wealth Management acquired a new stake in shares of ProShares UltraPro QQQ in the fourth quarter worth $236,000.

ProShares UltraPro QQQ Price Performance

NASDAQ TQQQ opened at $52.61 on Thursday. ProShares UltraPro QQQ has a 1 year low of $35.00 and a 1 year high of $93.79. The company has a market capitalization of $18.01 billion, a PE ratio of 17.85 and a beta of 3.45. The company has a fifty day moving average of $68.82 and a 200 day moving average of $75.64.

ProShares UltraPro QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 26th were paid 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.