Physician Wealth Advisors Inc. Purchases 302 Shares of ProShares UltraPro QQQ (NASDAQ:TQQQ)

Physician Wealth Advisors Inc. boosted its position in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 4.1% during the first quarter, Holdings Channel reports. The fund owned 7,675 shares of the exchange traded fund’s stock after acquiring an additional 302 shares during the period. Physician Wealth Advisors Inc.’s holdings in ProShares UltraPro QQQ were worth $472,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in TQQQ. UBS Group AG purchased a new stake in ProShares UltraPro QQQ during the third quarter valued at about $2,225,000. Tucker Asset Management LLC boosted its position in ProShares UltraPro QQQ by 153.9% during the third quarter. Tucker Asset Management LLC now owns 35,577 shares of the exchange traded fund’s stock valued at $1,267,000 after buying an additional 21,566 shares during the period. Citigroup Inc. purchased a new stake in ProShares UltraPro QQQ during the third quarter valued at about $221,000. Anchor Investment Management LLC purchased a new stake in shares of ProShares UltraPro QQQ during the fourth quarter worth about $210,000. Finally, Fulton Bank N.A. purchased a new stake in shares of ProShares UltraPro QQQ during the fourth quarter worth about $719,000.

ProShares UltraPro QQQ Stock Performance

Shares of ProShares UltraPro QQQ stock traded down $1.18 during trading on Friday, reaching $73.82. 53,901,476 shares of the stock were exchanged, compared to its average volume of 64,940,441. The stock’s fifty day moving average is $64.35 and its 200 day moving average is $58.93. ProShares UltraPro QQQ has a 1 year low of $30.47 and a 1 year high of $77.72.

ProShares UltraPro QQQ Increases Dividend

The company 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. This is a positive change from ProShares UltraPro QQQ’s previous quarterly dividend of $0.22. This represents a $1.13 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date of this dividend is 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.