ProShares UltraPro QQQ $TQQQ Shares Purchased by Orion Porfolio Solutions LLC

Orion Porfolio Solutions LLC boosted its position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) by 148.2% during the third quarter, Holdings Channel reports. The firm owned 84,408 shares of the exchange traded fund’s stock after buying an additional 50,404 shares during the quarter. Orion Porfolio Solutions LLC’s holdings in ProShares UltraPro QQQ were worth $8,728,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of TQQQ. Advisory Alpha LLC purchased a new position in shares of ProShares UltraPro QQQ in the third quarter valued at $394,000. Fisher Asset Management LLC purchased a new stake in shares of ProShares UltraPro QQQ in the 3rd quarter worth about $597,000. Greenland Capital Management LP purchased a new stake in shares of ProShares UltraPro QQQ in the 3rd quarter worth about $310,000. Clearstead Advisors LLC grew its stake in ProShares UltraPro QQQ by 490.3% in the 3rd quarter. Clearstead Advisors LLC now owns 2,361 shares of the exchange traded fund’s stock valued at $244,000 after acquiring an additional 1,961 shares during the last quarter. Finally, Vestmark Advisory Solutions Inc. acquired a new stake in ProShares UltraPro QQQ in the 3rd quarter valued at about $871,000.

ProShares UltraPro QQQ Trading Down 4.5%

NASDAQ:TQQQ opened at $47.54 on Friday. The company has a market capitalization of $25.52 billion, a P/E ratio of 38.25 and a beta of 3.46. The firm has a 50-day moving average price of $52.10 and a two-hundred day moving average price of $51.85. ProShares UltraPro QQQ has a twelve month low of $17.50 and a twelve month high of $60.69.

ProShares UltraPro QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 24th were given a $0.0855 dividend. This is a boost from ProShares UltraPro QQQ’s previous quarterly dividend of $0.05. This represents a $0.34 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Wednesday, December 24th.

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. ProShare Advisors LLC (ProShare Advisors) provides the investment advisory and management services for the Fund.