Koshinski Asset Management Inc. Takes Position in ProShares UltraPro QQQ (NASDAQ:TQQQ)

Koshinski Asset Management Inc. acquired a new position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 9,973 shares of the exchange traded fund’s stock, valued at approximately $614,000.

Other institutional investors have also added to or reduced their stakes in the company. Sandy Spring Bank lifted its holdings in ProShares UltraPro QQQ by 1,113.0% during the 4th quarter. Sandy Spring Bank now owns 558 shares of the exchange traded fund’s stock worth $28,000 after purchasing an additional 512 shares in the last quarter. Signature Resources Capital Management LLC bought a new position in ProShares UltraPro QQQ in the 4th quarter worth about $29,000. Benjamin F. Edwards & Company Inc. bought a new position in ProShares UltraPro QQQ in the 1st quarter worth about $37,000. Westend Capital Management LLC bought a new position in ProShares UltraPro QQQ in the 1st quarter worth about $48,000. Finally, Hazlett Burt & Watson Inc. bought a new position in ProShares UltraPro QQQ in the 4th quarter worth about $51,000.

ProShares UltraPro QQQ Price Performance

NASDAQ TQQQ traded down $0.35 during trading on Friday, reaching $72.69. The company’s stock had a trading volume of 14,630,287 shares, compared to its average volume of 62,948,566. The firm has a fifty day moving average of $71.17 and a 200 day moving average of $61.71. ProShares UltraPro QQQ has a one year low of $30.47 and a one year high of $85.20.

ProShares UltraPro QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 3rd. Shareholders of record on Wednesday, June 26th were paid a $0.2828 dividend. 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 yield of 1.56%. The ex-dividend date of this dividend was Wednesday, June 26th.

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.