Diversify Advisory Services LLC Invests $528,000 in ProShares UltraPro QQQ (NASDAQ:TQQQ)

Diversify Advisory Services LLC purchased a new position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) during the first quarter, Holdings Channel.com reports. The fund purchased 8,520 shares of the exchange traded fund’s stock, valued at approximately $528,000.

A number of other large investors have also modified their holdings of the business. IMC Chicago LLC grew its stake in shares of ProShares UltraPro QQQ by 1,635.6% during the fourth quarter. IMC Chicago LLC now owns 9,191,741 shares of the exchange traded fund’s stock worth $466,021,000 after acquiring an additional 8,662,153 shares during the last quarter. McElhenny Sheffield Capital Management LLC purchased a new stake in shares of ProShares UltraPro QQQ during the fourth quarter worth about $24,056,000. Howard Capital Management Inc. purchased a new stake in shares of ProShares UltraPro QQQ during the fourth quarter worth about $17,511,000. CHURCHILL MANAGEMENT Corp purchased a new stake in shares of ProShares UltraPro QQQ during the fourth quarter worth about $7,033,000. Finally, Corient Private Wealth LLC grew its stake in shares of ProShares UltraPro QQQ by 2.5% during the fourth quarter. Corient Private Wealth LLC now owns 118,959 shares of the exchange traded fund’s stock worth $6,031,000 after acquiring an additional 2,870 shares during the last quarter.

ProShares UltraPro QQQ Price Performance

Shares of TQQQ stock traded up $2.40 during trading hours on Friday, reaching $81.63. 39,812,276 shares of the company’s stock were exchanged, compared to its average volume of 64,072,750. The stock’s fifty day moving average price is $66.88 and its two-hundred day moving average price is $59.87. ProShares UltraPro QQQ has a 1 year low of $30.47 and a 1 year high of $81.85.

ProShares UltraPro QQQ Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 3rd. Investors of record on Wednesday, June 26th were given a $0.2828 dividend. The ex-dividend date was Wednesday, June 26th. This represents a $1.13 dividend on an annualized basis and a yield of 1.39%. This is a positive change from ProShares UltraPro QQQ’s previous quarterly dividend of $0.22.

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.