Prospera Financial Services Inc Takes Position in ProShares UltraPro QQQ $TQQQ

Prospera Financial Services Inc bought a new stake in ProShares UltraPro QQQ (NASDAQ:TQQQ) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 10,891 shares of the exchange traded fund’s stock, valued at approximately $904,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC purchased a new stake in ProShares UltraPro QQQ in the second quarter valued at approximately $25,000. MRP Capital Investments LLC purchased a new position in shares of ProShares UltraPro QQQ during the first quarter worth approximately $29,000. Atlantic Union Bankshares Corp acquired a new position in shares of ProShares UltraPro QQQ in the 2nd quarter valued at $47,000. Keystone Financial Group Inc. acquired a new position in shares of ProShares UltraPro QQQ in the 2nd quarter valued at $48,000. Finally, Bogart Wealth LLC purchased a new stake in ProShares UltraPro QQQ in the 2nd quarter valued at $58,000.

ProShares UltraPro QQQ Price Performance

Shares of NASDAQ:TQQQ opened at $111.55 on Thursday. ProShares UltraPro QQQ has a 1-year low of $35.00 and a 1-year high of $121.37. The stock has a market cap of $29.25 billion, a P/E ratio of 38.25 and a beta of 3.46. The firm has a fifty day moving average price of $104.93 and a 200 day moving average price of $87.97.

ProShares UltraPro QQQ shares are going to split on the morning of Thursday, November 20th. The 2-1 split was recently announced. The newly minted shares will be payable to shareholders after the closing bell on Wednesday, November 19th.

ProShares UltraPro QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Wednesday, September 24th were given a dividend of $0.0978 per share. This represents a $0.39 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Wednesday, September 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.