Howard Financial Services LTD. Makes New Investment in ProShares UltraPro QQQ (NASDAQ:TQQQ)

Howard Financial Services LTD. acquired a new stake in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 8,200 shares of the exchange traded fund’s stock, valued at approximately $470,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. PayPay Securities Corp raised its position in shares of ProShares UltraPro QQQ by 119.3% during the 4th 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. Cary Street Partners Financial LLC bought a new stake in shares of ProShares UltraPro QQQ during the 4th quarter valued at $47,000. Clear Investment Research LLC raised its position in shares of ProShares UltraPro QQQ by 83.3% during the 4th quarter. Clear Investment Research LLC now owns 1,054 shares of the exchange traded fund’s stock valued at $83,000 after purchasing an additional 479 shares during the period. Beacon Capital Management LLC bought a new stake in shares of ProShares UltraPro QQQ during the 4th quarter valued at $109,000. Finally, Menard Financial Group LLC bought a new stake in shares of ProShares UltraPro QQQ during the 4th quarter valued at $146,000.

ProShares UltraPro QQQ Price Performance

Shares of TQQQ stock opened at $70.37 on Friday. The company has a market capitalization of $27.25 billion, a price-to-earnings ratio of 32.04 and a beta of 3.45. ProShares UltraPro QQQ has a one year low of $35.00 and a one year high of $93.79. The company’s fifty day moving average price is $57.07 and its 200-day moving average price is $71.86.

ProShares UltraPro QQQ Cuts Dividend

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

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.