Itau Unibanco Holding S.A. Takes Position in ProShares UltraPro QQQ (NASDAQ:TQQQ)

Itau Unibanco Holding S.A. acquired a new position in ProShares UltraPro QQQ (NASDAQ:TQQQ) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 9,898 shares of the exchange traded fund’s stock, valued at approximately $731,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Jane Street Group LLC boosted its stake in ProShares UltraPro QQQ by 444.5% in the 1st quarter. Jane Street Group LLC now owns 10,280,259 shares of the exchange traded fund’s stock worth $632,853,000 after purchasing an additional 8,392,312 shares in the last quarter. Flow Traders U.S. LLC lifted its stake in shares of ProShares UltraPro QQQ by 433.9% during the first quarter. Flow Traders U.S. LLC now owns 1,532,199 shares of the exchange traded fund’s stock worth $94,322,000 after buying an additional 1,245,229 shares during the period. Howard Capital Management Inc. grew its holdings in shares of ProShares UltraPro QQQ by 7.1% during the second quarter. Howard Capital Management Inc. now owns 378,154 shares of the exchange traded fund’s stock valued at $27,929,000 after buying an additional 25,087 shares during the last quarter. Avidian Wealth Solutions LLC grew its holdings in shares of ProShares UltraPro QQQ by 10.7% during the first quarter. Avidian Wealth Solutions LLC now owns 177,959 shares of the exchange traded fund’s stock valued at $10,955,000 after buying an additional 17,245 shares during the last quarter. Finally, PPSC Investment Service Corp acquired a new position in shares of ProShares UltraPro QQQ in the 2nd quarter valued at $12,662,000.

ProShares UltraPro QQQ Stock Down 0.6 %

Shares of TQQQ opened at $70.13 on Friday. The stock has a 50-day moving average of $66.09 and a two-hundred day moving average of $64.96. ProShares UltraPro QQQ has a one year low of $30.47 and a one year high of $85.20.

ProShares UltraPro QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 3rd. Stockholders of record on Wednesday, June 26th were paid a $0.2828 dividend. This represents a $1.13 annualized dividend and a dividend yield of 1.61%. 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.

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.