SBI Securities Co. Ltd. Makes New $9.97 Million Investment in ProShares UltraPro QQQ (NASDAQ:TQQQ)

SBI Securities Co. Ltd. acquired a new stake in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 125,994 shares of the exchange traded fund’s stock, valued at approximately $9,970,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TQQQ. SVB Wealth LLC acquired a new stake in ProShares UltraPro QQQ during the fourth quarter worth about $791,000. World Equity Group Inc. increased its position in 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 purchasing an additional 12,616 shares in the last quarter. Variant Private Wealth LLC purchased a new position in ProShares UltraPro QQQ in the fourth quarter valued at approximately $2,032,000. Empower Advisory Group LLC acquired a new position in ProShares UltraPro QQQ during the fourth quarter valued at approximately $339,000. Finally, Beacon Capital Management LLC purchased a new stake in ProShares UltraPro QQQ during the fourth quarter worth approximately $109,000.

ProShares UltraPro QQQ Stock Up 4.7 %

ProShares UltraPro QQQ stock opened at $74.97 on Friday. The firm has a market capitalization of $22.33 billion, a P/E ratio of 30.83 and a beta of 3.47. The firm has a fifty day moving average of $83.08 and a 200-day moving average of $77.37. ProShares UltraPro QQQ has a 52-week low of $48.80 and a 52-week high of $93.79.

ProShares UltraPro QQQ Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given a $0.2754 dividend. The ex-dividend date of this dividend was Monday, December 23rd. This is a positive change from ProShares UltraPro QQQ’s previous dividend of $0.23.

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.