PNC Financial Services Group Inc. Buys 1,800 Shares of ProShares UltraPro QQQ (NASDAQ:TQQQ)

PNC Financial Services Group Inc. boosted its stake in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) by 88.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Visionary Wealth Advisors purchased a new position in shares of ProShares UltraPro QQQ in the 4th quarter worth $681,000. CPR Investments Inc. lifted its stake in shares of ProShares UltraPro QQQ by 491.6% in the 4th quarter. CPR Investments Inc. now owns 82,376 shares of the exchange traded fund’s stock worth $4,176,000 after purchasing an additional 68,451 shares during the period. CHURCHILL MANAGEMENT Corp purchased a new position in shares of ProShares UltraPro QQQ in the fourth quarter worth approximately $7,033,000. International Assets Investment Management LLC bought a new stake in ProShares UltraPro QQQ during the fourth quarter valued at approximately $5,141,000. Finally, Cerity Partners LLC purchased a new stake in ProShares UltraPro QQQ during the fourth quarter valued at approximately $834,000.

ProShares UltraPro QQQ Trading Up 3.1 %

Shares of ProShares UltraPro QQQ stock opened at $77.33 on Wednesday. ProShares UltraPro QQQ has a 1-year low of $30.47 and a 1-year high of $77.72. The company’s fifty day simple moving average is $65.32 and its 200-day simple moving average is $59.38.

ProShares UltraPro QQQ Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 3rd. Investors of record on Wednesday, June 26th will be given a dividend of $0.2828 per share. The ex-dividend date of this dividend is Wednesday, June 26th. This is an increase from ProShares UltraPro QQQ’s previous quarterly dividend of $0.22. This represents a $1.13 annualized dividend and a yield of 1.46%.

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.