NorthRock Partners LLC Invests $657,000 in ProShares UltraPro QQQ (NASDAQ:TQQQ)

NorthRock Partners LLC bought a new position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,299 shares of the exchange traded fund’s stock, valued at approximately $657,000.

Several other institutional investors also recently bought and sold shares of TQQQ. SVB Wealth LLC purchased a new stake in ProShares UltraPro QQQ in the 4th quarter worth $791,000. Raymond James Financial Inc. bought a new stake in shares of ProShares UltraPro QQQ in the fourth quarter worth about $364,000. Chung Wu Investment Group LLC purchased a new stake in shares of ProShares UltraPro QQQ in the fourth quarter worth about $983,000. LPL Financial LLC boosted its stake in ProShares UltraPro QQQ by 15.5% during the fourth quarter. LPL Financial LLC now owns 71,975 shares of the exchange traded fund’s stock valued at $5,695,000 after buying an additional 9,684 shares during the last quarter. Finally, Envestnet Asset Management Inc. bought a new position in ProShares UltraPro QQQ during the fourth quarter valued at approximately $390,000.

ProShares UltraPro QQQ Price Performance

NASDAQ:TQQQ opened at $70.58 on Friday. The company has a market cap of $27.33 billion, a price-to-earnings ratio of 27.46 and a beta of 3.45. ProShares UltraPro QQQ has a 1 year low of $35.00 and a 1 year high of $93.79. The stock’s 50 day simple moving average is $55.49 and its two-hundred day simple moving average is $72.33.

ProShares UltraPro QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Wednesday, March 26th were given a $0.1977 dividend. This represents a $0.79 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend was Wednesday, March 26th.

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.