Chung Wu Investment Group LLC Takes Position in ProShares UltraPro QQQ (NASDAQ:TQQQ)

Chung Wu Investment Group LLC bought a new position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) during the 4th quarter, Holdings Channel reports. The institutional investor bought 12,420 shares of the exchange traded fund’s stock, valued at approximately $983,000. ProShares UltraPro QQQ makes up 1.0% of Chung Wu Investment Group LLC’s holdings, making the stock its 24th largest position.

A number of other hedge funds and other institutional investors have also made changes to their positions in TQQQ. RPg Family Wealth Advisory LLC bought a new stake in shares of ProShares UltraPro QQQ in the third quarter valued at about $32,000. PayPay Securities Corp raised its holdings in shares of ProShares UltraPro QQQ by 119.3% in the fourth quarter. PayPay Securities Corp now owns 500 shares of the exchange traded fund’s stock valued at $40,000 after purchasing an additional 272 shares during the last quarter. Beacon Capital Management LLC bought a new stake in shares of ProShares UltraPro QQQ in the fourth quarter worth $109,000. Farther Finance Advisors LLC boosted its holdings in ProShares UltraPro QQQ by 235.7% during the third quarter. Farther Finance Advisors LLC now owns 1,541 shares of the exchange traded fund’s stock worth $112,000 after purchasing an additional 1,082 shares during the last quarter. Finally, James J. Burns & Company LLC bought a new position in ProShares UltraPro QQQ in the fourth quarter valued at $206,000.

ProShares UltraPro QQQ Trading Up 4.2 %

Shares of TQQQ stock opened at $72.23 on Thursday. The firm’s fifty day moving average price is $82.40 and its two-hundred day moving average price is $77.48. ProShares UltraPro QQQ has a 1 year low of $48.80 and a 1 year high of $93.79. The firm has a market capitalization of $22.18 billion, a P/E ratio of 30.83 and a beta of 3.45.

ProShares UltraPro QQQ Increases Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were issued a dividend of $0.2754 per share. The ex-dividend date of this dividend was Monday, December 23rd. This is a positive change from ProShares UltraPro QQQ’s previous dividend of $0.23.

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.