NorthRock Partners LLC Makes New $657,000 Investment in ProShares UltraPro QQQ (NASDAQ:TQQQ)

NorthRock Partners LLC acquired a new position in ProShares UltraPro QQQ (NASDAQ:TQQQ) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 8,299 shares of the exchange traded fund’s stock, valued at approximately $657,000.

A number of other large investors have also recently made changes to their positions in TQQQ. PPSC Investment Service Corp raised its stake in ProShares UltraPro QQQ by 17.5% during the 4th quarter. PPSC Investment Service Corp now owns 446,415 shares of the exchange traded fund’s stock worth $35,325,000 after acquiring an additional 66,582 shares during the period. Ridgepath Capital Management LLC increased its stake in shares of ProShares UltraPro QQQ by 21.0% in the fourth quarter. Ridgepath Capital Management LLC now owns 163,389 shares of the exchange traded fund’s stock worth $12,929,000 after purchasing an additional 28,341 shares in the last quarter. Orion Portfolio Solutions LLC raised its position in shares of ProShares UltraPro QQQ by 7.0% during the 4th quarter. Orion Portfolio Solutions LLC now owns 157,596 shares of the exchange traded fund’s stock valued at $12,471,000 after purchasing an additional 10,284 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of ProShares UltraPro QQQ during the 4th quarter valued at $9,970,000. Finally, Finward Bancorp purchased a new position in shares of ProShares UltraPro QQQ during the 4th quarter valued at $8,775,000.

ProShares UltraPro QQQ Stock Performance

Shares of ProShares UltraPro QQQ stock opened at $70.58 on Friday. ProShares UltraPro QQQ has a fifty-two week low of $35.00 and a fifty-two week high of $93.79. The company has a market capitalization of $27.33 billion, a P/E ratio of 27.46 and a beta of 3.45. The company has a fifty day moving average of $55.49 and a 200 day moving average of $72.33.

ProShares UltraPro QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 26th were paid a $0.1977 dividend. This represents a $0.79 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date was Wednesday, March 26th.

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.