Main Street Group LTD Sells 2,259 Shares of ProShares UltraPro QQQ (NASDAQ:TQQQ)

Main Street Group LTD decreased its position in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 4.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,894 shares of the exchange traded fund’s stock after selling 2,259 shares during the period. ProShares UltraPro QQQ accounts for approximately 1.5% of Main Street Group LTD’s investment portfolio, making the stock its 9th largest position. Main Street Group LTD’s holdings in ProShares UltraPro QQQ were worth $3,669,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Wealthspire Advisors LLC grew its holdings in shares of ProShares UltraPro QQQ by 3.8% during the 4th quarter. Wealthspire Advisors LLC now owns 7,569 shares of the exchange traded fund’s stock worth $384,000 after purchasing an additional 279 shares during the period. Quotient Wealth Partners LLC acquired a new stake in shares of ProShares UltraPro QQQ during the fourth quarter valued at about $585,000. Innova Wealth Partners raised its stake in shares of ProShares UltraPro QQQ by 32.8% in the 4th quarter. Innova Wealth Partners now owns 9,921 shares of the exchange traded fund’s stock valued at $503,000 after acquiring an additional 2,450 shares during the period. Foundations Investment Advisors LLC acquired a new position in shares of ProShares UltraPro QQQ in the 4th quarter worth approximately $361,000. Finally, WMG Financial Advisors LLC purchased a new position in shares of ProShares UltraPro QQQ during the 4th quarter worth approximately $222,000.

ProShares UltraPro QQQ Stock Down 8.1 %

NASDAQ TQQQ traded down $5.03 on Friday, reaching $56.99. The stock had a trading volume of 84,952,304 shares, compared to its average volume of 64,074,461. The stock has a fifty day moving average price of $68.97 and a two-hundred day moving average price of $64.48. ProShares UltraPro QQQ has a 12-month low of $30.47 and a 12-month high of $85.20.

ProShares UltraPro QQQ Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 3rd. Investors of record on Wednesday, June 26th were paid a dividend of $0.2828 per share. This is a positive change from ProShares UltraPro QQQ’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Wednesday, June 26th. This represents a $1.13 annualized dividend and a yield of 1.98%.

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.