Beacon Capital Management LLC Purchases 450 Shares of ProShares UltraPro QQQ (NASDAQ:TQQQ)

Beacon Capital Management LLC lifted its stake in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) by 32.8% in the first quarter, according to its most recent filing with the SEC. The fund owned 1,823 shares of the exchange traded fund’s stock after acquiring an additional 450 shares during the period. Beacon Capital Management LLC’s holdings in ProShares UltraPro QQQ were worth $104,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in TQQQ. Empowered Funds LLC bought a new stake in shares of ProShares UltraPro QQQ during the 4th quarter worth $729,000. Empower Advisory Group LLC bought a new stake in shares of ProShares UltraPro QQQ during the 4th quarter worth $339,000. Variant Private Wealth LLC bought a new stake in shares of ProShares UltraPro QQQ during the 4th quarter worth $2,032,000. World Equity Group Inc. lifted its holdings in shares of ProShares UltraPro QQQ by 35.6% during the 4th quarter. World Equity Group Inc. now owns 48,016 shares of the exchange traded fund’s stock worth $3,800,000 after acquiring an additional 12,616 shares during the last quarter. Finally, SVB Wealth LLC bought a new stake in shares of ProShares UltraPro QQQ during the 4th quarter worth $791,000.

ProShares UltraPro QQQ Stock Performance

NASDAQ TQQQ opened at $73.56 on Wednesday. ProShares UltraPro QQQ has a 52-week low of $35.00 and a 52-week high of $93.79. The company has a market capitalization of $28.49 billion, a P/E ratio of 38.25 and a beta of 3.45. The company has a fifty day moving average of $62.44 and a 200-day moving average of $71.38.

ProShares UltraPro QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 26th were issued a dividend of $0.1977 per share. This represents a $0.79 dividend on an annualized basis and a dividend yield of 1.08%. 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.