PNC Financial Services Group Inc. Has $194,000 Stake in ProShares UltraPro QQQ (NASDAQ:TQQQ)

PNC Financial Services Group Inc. increased its position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) by 88.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,828 shares of the exchange traded fund’s stock after purchasing an additional 1,800 shares during the period. PNC Financial Services Group Inc.’s holdings in ProShares UltraPro QQQ were worth $194,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Sandy Spring Bank lifted its holdings in shares of ProShares UltraPro QQQ by 1,113.0% during the fourth quarter. Sandy Spring Bank now owns 558 shares of the exchange traded fund’s stock worth $28,000 after buying an additional 512 shares in the last quarter. Signature Resources Capital Management LLC bought a new stake in ProShares UltraPro QQQ in the 4th quarter valued at about $29,000. Hazlett Burt & Watson Inc. acquired a new position in shares of ProShares UltraPro QQQ during the 4th quarter worth approximately $51,000. VitalStone Financial LLC increased its holdings in shares of 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 worth $99,000 after purchasing an additional 1,831 shares during the period. Finally, Turtle Creek Wealth Advisors LLC acquired a new stake in shares of ProShares UltraPro QQQ in the fourth quarter valued at approximately $116,000.

ProShares UltraPro QQQ Price Performance

Shares of NASDAQ:TQQQ opened at $77.33 on Wednesday. The business’s 50 day simple moving average is $65.32 and its 200 day simple moving average is $59.38. 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 announced a quarterly dividend, which will be paid on Wednesday, July 3rd. Stockholders of record on Wednesday, June 26th will be issued a dividend of $0.2828 per share. This is a positive change from ProShares UltraPro QQQ’s previous quarterly dividend of $0.22. This represents a $1.13 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend is Wednesday, June 26th.

ProShares UltraPro QQQ Company 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.