SVB Wealth LLC Purchases Shares of 10,000 ProShares UltraPro QQQ (NASDAQ:TQQQ)

SVB Wealth LLC acquired a new position in ProShares UltraPro QQQ (NASDAQ:TQQQ) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 10,000 shares of the exchange traded fund’s stock, valued at approximately $791,000.

A number of other hedge funds have also recently made changes to their positions in the business. Oriental Harbor Investment Fund purchased a new position in ProShares UltraPro QQQ in the 3rd quarter worth approximately $82,199,000. Paragon Advisors LLC raised its position in shares of ProShares UltraPro QQQ by 22.9% during the third quarter. Paragon Advisors LLC now owns 741,671 shares of the exchange traded fund’s stock valued at $53,764,000 after buying an additional 138,343 shares during the last quarter. PPSC Investment Service Corp lifted its holdings in shares of ProShares UltraPro QQQ by 17.5% in the fourth quarter. PPSC Investment Service Corp now owns 446,415 shares of the exchange traded fund’s stock worth $35,325,000 after buying an additional 66,582 shares in the last quarter. BNP Paribas Financial Markets bought a new position in shares of ProShares UltraPro QQQ during the third quarter worth $21,747,000. Finally, Avidian Wealth Enterprises LLC grew its stake in ProShares UltraPro QQQ by 8.8% during the third quarter. Avidian Wealth Enterprises LLC now owns 210,376 shares of the exchange traded fund’s stock valued at $15,250,000 after acquiring an additional 17,017 shares in the last quarter.

ProShares UltraPro QQQ Stock Performance

Shares of NASDAQ TQQQ opened at $70.08 on Tuesday. The company has a market cap of $21.52 billion, a P/E ratio of 30.83 and a beta of 3.45. ProShares UltraPro QQQ has a 52-week low of $48.80 and a 52-week high of $93.79. The firm’s fifty day moving average is $82.78 and its two-hundred day moving average is $77.47.

ProShares UltraPro QQQ Increases Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued a $0.2754 dividend. This is a boost from ProShares UltraPro QQQ’s previous dividend of $0.23. The ex-dividend date of this dividend was Monday, December 23rd.

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.