ProShares UltraPro QQQ (NASDAQ:TQQQ) is PayPay Securities Corp’s 10th Largest Position

PayPay Securities Corp lowered its stake in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 33.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 639 shares of the exchange traded fund’s stock after selling 320 shares during the period. ProShares UltraPro QQQ makes up approximately 1.9% of PayPay Securities Corp’s investment portfolio, making the stock its 10th biggest position. PayPay Securities Corp’s holdings in ProShares UltraPro QQQ were worth $39,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. IMC Chicago LLC boosted its position in shares of ProShares UltraPro QQQ by 1,635.6% during the fourth quarter. IMC Chicago LLC now owns 9,191,741 shares of the exchange traded fund’s stock valued at $466,021,000 after buying 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 fourth quarter valued at approximately $24,056,000. Howard Capital Management Inc. purchased a new position in shares of ProShares UltraPro QQQ during the fourth quarter valued at approximately $17,511,000. CHURCHILL MANAGEMENT Corp purchased a new position in shares of ProShares UltraPro QQQ during the fourth quarter valued at approximately $7,033,000. Finally, Orion Portfolio Solutions LLC purchased a new position in shares of ProShares UltraPro QQQ during the fourth quarter valued at approximately $5,574,000.

ProShares UltraPro QQQ Stock Performance

Shares of NASDAQ:TQQQ opened at $73.82 on Monday. The business has a 50 day simple moving average of $64.35 and a two-hundred day simple moving average of $59.00. 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 business also recently declared a quarterly dividend, which will be paid on Wednesday, July 3rd. Stockholders of record on Wednesday, June 26th will be paid a dividend of $0.2828 per share. This represents a $1.13 annualized dividend and a dividend yield of 1.53%. The ex-dividend date is Wednesday, June 26th. This is an increase from ProShares UltraPro QQQ’s previous quarterly dividend of $0.22.

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.