20,000 Shares in ProShares UltraPro QQQ (NASDAQ:TQQQ) Purchased by WT Asset Management Ltd

Market Beat
2024.08.25 18:02

WT Asset Management Ltd purchased 20,000 shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) during the 2nd quarter, as disclosed in a recent SEC filing. The investment, approximately valued at $476,000, positions TQQQ as the firm's 22nd largest holding. Additionally, other institutional investors have been acquiring shares of the ETF, which aims for triple the daily performance of the NASDAQ-100 Index. The dividend has also been increased, reflecting a stronger financial position.

WT Asset Management Ltd bought a new position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 20,000 shares of the exchange traded fund's stock, valued at approximately $1,476,000. ProShares UltraPro QQQ makes up about 0.1% of WT Asset Management Ltd's holdings, making the stock its 22nd biggest holding.

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A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Signature Resources Capital Management LLC bought a new position in ProShares UltraPro QQQ in the 4th quarter valued at $29,000. Benjamin F. Edwards & Company Inc. bought a new position in shares of ProShares UltraPro QQQ during the 1st quarter worth $37,000. Westend Capital Management LLC purchased a new stake in ProShares UltraPro QQQ in the 1st quarter worth about $48,000. Massmutual Trust Co. FSB ADV bought a new stake in ProShares UltraPro QQQ in the 1st quarter valued at about $63,000. Finally, VitalStone Financial LLC lifted its holdings in ProShares UltraPro QQQ by 1,513.2% during the fourth quarter. VitalStone Financial LLC now owns 1,952 shares of the exchange traded fund's stock valued at $99,000 after purchasing an additional 1,831 shares during the last quarter.

ProShares UltraPro QQQ Stock Performance

Shares of TQQQ stock traded up $2.15 during trading on Friday, reaching $70.53. 64,376,646 shares of the company's stock traded hands, compared to its average volume of 64,507,645. ProShares UltraPro QQQ has a 1 year low of $30.47 and a 1 year high of $85.20. The firm's 50-day moving average is $70.95 and its 200 day moving average is $64.06.

ProShares UltraPro QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 3rd. Investors of record on Wednesday, June 26th were issued a dividend of $0.2828 per share. This is a boost from ProShares UltraPro QQQ's previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Wednesday, June 26th. This represents a $1.13 dividend on an annualized basis and a yield of 1.60%.

ProShares UltraPro QQQ Company Profile

(Free Report)

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.

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Want to see what other hedge funds are holding TQQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report).

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