Physician Wealth Advisors Inc. Grows Stock Position in ProShares UltraPro QQQ (NASDAQ:TQQQ)

Physician Wealth Advisors Inc. boosted its stake in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 4.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,675 shares of the exchange traded fund’s stock after acquiring an additional 302 shares during the quarter. Physician Wealth Advisors Inc.’s holdings in ProShares UltraPro QQQ were worth $472,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. IMC Chicago LLC raised its position in shares of ProShares UltraPro QQQ by 1,635.6% during the 4th quarter. IMC Chicago LLC now owns 9,191,741 shares of the exchange traded fund’s stock valued at $466,021,000 after acquiring an additional 8,662,153 shares in the last quarter. McElhenny Sheffield Capital Management LLC acquired a new stake in shares of ProShares UltraPro QQQ during the 4th quarter valued at approximately $24,056,000. Howard Capital Management Inc. acquired a new stake in shares of ProShares UltraPro QQQ during the 4th quarter valued at approximately $17,511,000. CHURCHILL MANAGEMENT Corp acquired a new stake in shares of ProShares UltraPro QQQ during the 4th quarter valued at approximately $7,033,000. Finally, Orion Portfolio Solutions LLC acquired a new stake in shares of ProShares UltraPro QQQ during the 4th quarter valued at approximately $5,574,000.

ProShares UltraPro QQQ Price Performance

TQQQ traded down $1.18 during trading on Friday, reaching $73.82. 53,901,476 shares of the company were exchanged, compared to its average volume of 64,940,441. The firm has a 50 day moving average of $64.35 and a 200 day moving average of $58.93. ProShares UltraPro QQQ has a 52 week low of $30.47 and a 52 week high of $77.72.

ProShares UltraPro QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 3rd. Investors of record on Wednesday, June 26th will be paid a dividend of $0.2828 per share. This is an increase from ProShares UltraPro QQQ’s previous quarterly dividend of $0.22. This represents a $1.13 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date is Wednesday, June 26th.

ProShares UltraPro QQQ 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.