US Bancorp DE Purchases 3,883 Shares of ProShares UltraPro QQQ (NASDAQ:TQQQ)

US Bancorp DE grew its position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) by 266.1% during the 1st quarter, Holdings Channel reports. The institutional investor owned 5,342 shares of the exchange traded fund’s stock after buying an additional 3,883 shares during the quarter. US Bancorp DE’s holdings in ProShares UltraPro QQQ were worth $306,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new position in ProShares UltraPro QQQ during the 4th quarter worth $364,000. Envestnet Asset Management Inc. bought a new position in ProShares UltraPro QQQ during the 4th quarter worth $390,000. Schwallier Wealth Management LLC bought a new position in ProShares UltraPro QQQ during the 4th quarter worth $396,000. Kovitz Investment Group Partners LLC bought a new position in ProShares UltraPro QQQ during the 4th quarter worth $438,000. Finally, Blue Sky Capital Consultants Group Inc. bought a new position in ProShares UltraPro QQQ during the 4th quarter worth $1,964,000.

ProShares UltraPro QQQ Price Performance

TQQQ stock opened at $94.86 on Thursday. ProShares UltraPro QQQ has a fifty-two week low of $35.00 and a fifty-two week high of $96.32. The stock has a market capitalization of $29.24 billion, a price-to-earnings ratio of 38.25 and a beta of 3.45. The business’s fifty day moving average price is $83.00 and its two-hundred day moving average price is $71.73.

ProShares UltraPro QQQ Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Wednesday, June 25th were given a $0.2183 dividend. The ex-dividend date was Wednesday, June 25th. This is an increase 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 0.9%.

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.