Maridea Wealth Management LLC Purchases Shares of 3,475 ProShares UltraPro QQQ (NASDAQ:TQQQ)

Maridea Wealth Management LLC acquired a new position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 3,475 shares of the exchange traded fund’s stock, valued at approximately $275,000.

Several other institutional investors have also made changes to their positions in the business. PayPay Securities Corp lifted its stake in ProShares UltraPro QQQ by 119.3% during the fourth quarter. PayPay Securities Corp now owns 500 shares of the exchange traded fund’s stock worth $40,000 after purchasing an additional 272 shares during the period. Clear Investment Research LLC raised its holdings in shares of ProShares UltraPro QQQ by 83.3% in the 4th quarter. Clear Investment Research LLC now owns 1,054 shares of the exchange traded fund’s stock worth $83,000 after buying an additional 479 shares in the last quarter. Beacon Capital Management LLC bought a new position in shares of ProShares UltraPro QQQ during the 4th quarter worth approximately $109,000. James J. Burns & Company LLC acquired a new stake in ProShares UltraPro QQQ in the 4th quarter valued at $206,000. Finally, Thrivent Financial for Lutherans bought a new stake in ProShares UltraPro QQQ in the fourth quarter valued at $212,000.

ProShares UltraPro QQQ Price Performance

ProShares UltraPro QQQ stock opened at $57.34 on Friday. ProShares UltraPro QQQ has a 52-week low of $48.80 and a 52-week high of $93.79. The stock has a fifty day moving average price of $75.80 and a two-hundred day moving average price of $76.99. The firm has a market capitalization of $17.61 billion, a P/E ratio of 26.02 and a beta of 3.45.

ProShares UltraPro QQQ Cuts Dividend

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