Charles Schwab Trust Co Makes New Investment in ProShares UltraPro QQQ (NASDAQ:TQQQ)

Charles Schwab Trust Co purchased a new stake in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) in the first quarter, HoldingsChannel reports. The institutional investor purchased 83,209 shares of the exchange traded fund’s stock, valued at approximately $4,768,000.

Other large investors have also recently modified their holdings of the company. PayPay Securities Corp raised its stake in ProShares UltraPro QQQ by 119.3% in the fourth 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 in the last quarter. Cary Street Partners Financial LLC bought a new position in shares of ProShares UltraPro QQQ in the 4th quarter worth $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 buying an additional 479 shares in the last quarter. Beacon Capital Management LLC bought a new stake in shares of ProShares UltraPro QQQ during the 4th quarter worth $109,000. Finally, Menard Financial Group LLC purchased a new position in ProShares UltraPro QQQ in the fourth quarter worth $146,000.

ProShares UltraPro QQQ Stock Up 0.8%

NASDAQ TQQQ opened at $73.87 on Thursday. The stock’s 50-day simple moving average is $57.82 and its two-hundred day simple moving average is $71.65. ProShares UltraPro QQQ has a twelve month low of $35.00 and a twelve month high of $93.79. The company has a market capitalization of $28.61 billion, a price-to-earnings ratio of 32.04 and a beta of 3.45.

ProShares UltraPro QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 26th were given a dividend of $0.1977 per share. The ex-dividend date was Wednesday, March 26th. This represents a $0.79 annualized dividend and a dividend yield of 1.07%.

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.