Global Assets Advisory LLC Purchases Shares of 11,720 ProShares UltraPro QQQ (NASDAQ:TQQQ)

Global Assets Advisory LLC purchased a new stake in ProShares UltraPro QQQ (NASDAQ:TQQQ) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 11,720 shares of the exchange traded fund’s stock, valued at approximately $721,000.

Other large investors have also recently bought and sold shares of the company. Sandy Spring Bank raised 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 valued at $28,000 after acquiring an additional 512 shares during the period. Signature Resources Capital Management LLC bought a new position in ProShares UltraPro QQQ in the 4th quarter valued at about $29,000. Westend Capital Management LLC bought a new position in ProShares UltraPro QQQ in the 1st quarter valued at about $48,000. Hazlett Burt & Watson Inc. bought a new position in ProShares UltraPro QQQ in the 4th quarter valued at about $51,000. Finally, Massmutual Trust Co. FSB ADV bought a new position in ProShares UltraPro QQQ in the 1st quarter valued at about $63,000.

ProShares UltraPro QQQ Stock Up 0.6 %

Shares of TQQQ opened at $74.46 on Thursday. ProShares UltraPro QQQ has a 12 month low of $30.47 and a 12 month high of $77.72. The firm’s 50 day moving average is $63.42 and its 200-day moving average is $58.54.

ProShares UltraPro QQQ Increases Dividend

The firm 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. The ex-dividend date is Wednesday, June 26th. This is a boost from ProShares UltraPro QQQ’s previous quarterly dividend of $0.22. This represents a $1.13 annualized dividend and a dividend yield of 1.52%.

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.