Clark Capital Management Group Inc. Invests $223,000 in ProShares UltraPro QQQ (NASDAQ:TQQQ)

Clark Capital Management Group Inc. purchased a new position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,812 shares of the exchange traded fund’s stock, valued at approximately $223,000.

Other large investors have also added to or reduced their stakes in the company. SVB Wealth LLC acquired a new stake in ProShares UltraPro QQQ during the 4th quarter worth about $791,000. Chung Wu Investment Group LLC acquired a new position in ProShares UltraPro QQQ in the fourth quarter valued at approximately $983,000. LPL Financial LLC boosted its position in ProShares UltraPro QQQ by 15.5% in the 4th quarter. LPL Financial LLC now owns 71,975 shares of the exchange traded fund’s stock worth $5,695,000 after purchasing an additional 9,684 shares in the last quarter. Envestnet Asset Management Inc. acquired a new stake in shares of ProShares UltraPro QQQ during the 4th quarter worth approximately $390,000. Finally, Schwallier Wealth Management LLC acquired a new stake in shares of ProShares UltraPro QQQ during the 4th quarter worth approximately $396,000.

ProShares UltraPro QQQ Price Performance

TQQQ opened at $58.99 on Friday. The firm has a fifty day moving average price of $55.28 and a 200 day moving average price of $72.46. ProShares UltraPro QQQ has a 1 year low of $35.00 and a 1 year high of $93.79. The stock has a market cap of $22.84 billion, a P/E ratio of 27.46 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. Shareholders of record on Wednesday, March 26th were given a $0.1977 dividend. The ex-dividend date was Wednesday, March 26th. This represents a $0.79 dividend on an annualized basis and a dividend yield of 1.34%.

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.