Global Assets Advisory LLC Invests $721,000 in ProShares UltraPro QQQ (NASDAQ:TQQQ)

Global Assets Advisory LLC acquired a new position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 11,720 shares of the exchange traded fund’s stock, valued at approximately $721,000.

Several other large investors have also modified their holdings of the stock. IMC Chicago LLC lifted its holdings in shares of ProShares UltraPro QQQ by 1,635.6% during the 4th quarter. IMC Chicago LLC now owns 9,191,741 shares of the exchange traded fund’s stock worth $466,021,000 after acquiring an additional 8,662,153 shares during the period. McElhenny Sheffield Capital Management LLC purchased a new position in shares of ProShares UltraPro QQQ during the 4th quarter worth about $24,056,000. Howard Capital Management Inc. purchased a new position in shares of ProShares UltraPro QQQ during the 4th quarter worth about $17,511,000. CHURCHILL MANAGEMENT Corp purchased a new position in shares of ProShares UltraPro QQQ during the 4th quarter worth about $7,033,000. Finally, Corient Private Wealth LLC increased its position in ProShares UltraPro QQQ by 2.5% during the 4th quarter. Corient Private Wealth LLC now owns 118,959 shares of the exchange traded fund’s stock worth $6,031,000 after purchasing an additional 2,870 shares in the last quarter.

ProShares UltraPro QQQ Price Performance

TQQQ opened at $74.46 on Thursday. The firm has a 50 day moving average price of $63.42 and a 200 day moving average price of $58.54. ProShares UltraPro QQQ has a 1 year low of $30.47 and a 1 year high of $77.72.

ProShares UltraPro QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 3rd. Investors of record on Wednesday, June 26th will be given a dividend of $0.2828 per share. This represents a $1.13 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date of this dividend is Wednesday, June 26th. This is an increase from ProShares UltraPro QQQ’s previous quarterly dividend of $0.22.

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.