PayPay Securities Corp Has $39,000 Stock Holdings in ProShares UltraPro QQQ (NASDAQ:TQQQ)

PayPay Securities Corp reduced its holdings in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) by 33.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 639 shares of the exchange traded fund’s stock after selling 320 shares during the quarter. ProShares UltraPro QQQ accounts for about 1.9% of PayPay Securities Corp’s holdings, making the stock its 10th biggest holding. PayPay Securities Corp’s holdings in ProShares UltraPro QQQ were worth $39,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sandy Spring Bank increased its holdings in ProShares UltraPro QQQ by 1,113.0% in the 4th quarter. Sandy Spring Bank now owns 558 shares of the exchange traded fund’s stock worth $28,000 after purchasing an additional 512 shares in the last quarter. Signature Resources Capital Management LLC acquired a new position in ProShares UltraPro QQQ in the 4th quarter worth about $29,000. Westend Capital Management LLC acquired a new position in ProShares UltraPro QQQ in the 1st quarter worth about $48,000. Hazlett Burt & Watson Inc. acquired a new position in ProShares UltraPro QQQ in the 4th quarter worth about $51,000. Finally, Massmutual Trust Co. FSB ADV acquired a new position in ProShares UltraPro QQQ in the 1st quarter worth about $63,000.

ProShares UltraPro QQQ Stock Down 1.6 %

Shares of TQQQ opened at $73.82 on Monday. ProShares UltraPro QQQ has a 12-month low of $30.47 and a 12-month high of $77.72. 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 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 $0.2828 dividend. This is a boost from ProShares UltraPro QQQ’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Wednesday, June 26th. This represents a $1.13 annualized dividend and a dividend yield of 1.53%.

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.