Orion Portfolio Solutions LLC Boosts Holdings in ProShares UltraPro QQQ (NASDAQ:TQQQ)

Orion Portfolio Solutions LLC boosted its stake in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 7.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 157,596 shares of the exchange traded fund’s stock after acquiring an additional 10,284 shares during the period. Orion Portfolio Solutions LLC owned about 0.05% of ProShares UltraPro QQQ worth $12,471,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Oriental Harbor Investment Fund acquired a new position in ProShares UltraPro QQQ during the third quarter worth approximately $82,199,000. BNP Paribas Financial Markets acquired a new position in shares of ProShares UltraPro QQQ in the 3rd quarter valued at $21,747,000. Tidal Investments LLC purchased a new stake in ProShares UltraPro QQQ in the 3rd quarter valued at $11,598,000. SBI Securities Co. Ltd. acquired a new stake in ProShares UltraPro QQQ during the 4th quarter worth $9,970,000. Finally, PPSC Investment Service Corp grew its position in ProShares UltraPro QQQ by 17.5% during the 4th quarter. PPSC Investment Service Corp now owns 446,415 shares of the exchange traded fund’s stock worth $35,325,000 after purchasing an additional 66,582 shares during the last quarter.

ProShares UltraPro QQQ Stock Performance

Shares of NASDAQ:TQQQ opened at $57.34 on Friday. ProShares UltraPro QQQ has a one year low of $48.80 and a one year high of $93.79. The stock has a market capitalization of $17.61 billion, a price-to-earnings ratio of 26.02 and a beta of 3.45. The company has a 50-day simple moving average of $75.80 and a 200-day simple moving average of $76.88.

ProShares UltraPro QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 26th will be paid a dividend of $0.1977 per share. This represents a $0.79 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend is Wednesday, March 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.