Canal Capital Management LLC Purchases 18,042 Shares of ProShares UltraPro QQQ $TQQQ

Canal Capital Management LLC increased its position in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 100.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 36,042 shares of the exchange traded fund’s stock after purchasing an additional 18,042 shares during the quarter. Canal Capital Management LLC’s holdings in ProShares UltraPro QQQ were worth $1,900,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. FNY Investment Advisers LLC acquired a new position in ProShares UltraPro QQQ during the third quarter worth approximately $982,000. Mainstay Capital Management LLC ADV bought a new stake in ProShares UltraPro QQQ in the third quarter valued at approximately $508,000. Innova Wealth Partners lifted its position in shares of ProShares UltraPro QQQ by 17.9% in the third quarter. Innova Wealth Partners now owns 6,106 shares of the exchange traded fund’s stock valued at $631,000 after buying an additional 926 shares during the last quarter. Harvest Investment Services LLC bought a new position in shares of ProShares UltraPro QQQ during the 3rd quarter worth approximately $660,000. Finally, Revere Asset Management Inc bought a new position in shares of ProShares UltraPro QQQ during the 3rd quarter worth approximately $557,000.

ProShares UltraPro QQQ Trading Down 0.9%

TQQQ stock opened at $45.69 on Friday. The firm has a market capitalization of $24.52 billion, a PE ratio of 38.25 and a beta of 3.46. ProShares UltraPro QQQ has a 1-year low of $17.50 and a 1-year high of $60.69. The business’s 50 day simple moving average is $50.98 and its 200 day simple moving average is $52.02.

ProShares UltraPro QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 24th were given a dividend of $0.0855 per share. This represents a $0.34 dividend on an annualized basis and a yield of 0.7%. This is a positive change from ProShares UltraPro QQQ’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Wednesday, December 24th.

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. ProShare Advisors LLC (ProShare Advisors) provides the investment advisory and management services for the Fund.