Secure Asset Management LLC Cuts Stock Holdings in ProShares UltraPro QQQ (NASDAQ:TQQQ)

Secure Asset Management LLC lessened its position in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 13.1% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 3,547 shares of the exchange traded fund’s stock after selling 533 shares during the quarter. Secure Asset Management LLC’s holdings in ProShares UltraPro QQQ were worth $262,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in TQQQ. Signature Resources Capital Management LLC purchased a new position in ProShares UltraPro QQQ during the fourth quarter worth approximately $29,000. Benjamin F. Edwards & Company Inc. purchased a new position in shares of ProShares UltraPro QQQ during the 1st quarter worth $37,000. Westend Capital Management LLC purchased a new position in ProShares UltraPro QQQ during the first quarter worth about $48,000. Massmutual Trust Co. FSB ADV acquired a new position in ProShares UltraPro QQQ in the 1st quarter valued at about $63,000. Finally, VitalStone Financial LLC grew its stake in shares of ProShares UltraPro QQQ by 1,513.2% in the 4th quarter. VitalStone Financial LLC now owns 1,952 shares of the exchange traded fund’s stock valued at $99,000 after buying an additional 1,831 shares during the period.

ProShares UltraPro QQQ Stock Up 3.1 %

Shares of TQQQ stock traded up $2.15 during trading on Friday, hitting $70.53. 64,185,318 shares of the stock traded hands, compared to its average volume of 64,507,645. ProShares UltraPro QQQ has a 52-week low of $30.47 and a 52-week high of $85.20. The firm’s fifty day moving average price is $71.02 and its 200-day moving average price is $63.91.

ProShares UltraPro QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 3rd. Investors of record on Wednesday, June 26th were given a dividend of $0.2828 per share. This represents a $1.13 dividend on an annualized basis and a dividend yield of 1.60%. This is an increase from ProShares UltraPro QQQ’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Wednesday, June 26th.

ProShares UltraPro QQQ 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.