Main Street Financial Solutions LLC Acquires 2,866 Shares of ProShares UltraPro QQQ (NASDAQ:TQQQ)

Main Street Financial Solutions LLC increased its holdings in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) by 45.1% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,225 shares of the exchange traded fund’s stock after purchasing an additional 2,866 shares during the quarter. Main Street Financial Solutions LLC’s holdings in ProShares UltraPro QQQ were worth $681,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. IMC Chicago LLC increased its position in shares of ProShares UltraPro QQQ by 1,635.6% during the fourth quarter. IMC Chicago LLC now owns 9,191,741 shares of the exchange traded fund’s stock worth $466,021,000 after acquiring an additional 8,662,153 shares in the last quarter. Jane Street Group LLC increased its holdings in ProShares UltraPro QQQ by 444.5% during the 1st quarter. Jane Street Group LLC now owns 10,280,259 shares of the exchange traded fund’s stock worth $632,853,000 after purchasing an additional 8,392,312 shares in the last quarter. Flow Traders U.S. LLC raised its stake in shares of ProShares UltraPro QQQ by 433.9% in the 1st quarter. Flow Traders U.S. LLC now owns 1,532,199 shares of the exchange traded fund’s stock valued at $94,322,000 after purchasing an additional 1,245,229 shares during the period. PPSC Investment Service Corp bought a new stake in shares of ProShares UltraPro QQQ in the second quarter valued at about $12,662,000. Finally, Orion Portfolio Solutions LLC bought a new stake in shares of ProShares UltraPro QQQ in the fourth quarter valued at about $5,574,000.

ProShares UltraPro QQQ Trading Up 3.0 %

NASDAQ:TQQQ opened at $66.48 on Friday. The stock has a 50-day simple moving average of $67.78 and a 200 day simple moving average of $64.62. ProShares UltraPro QQQ has a 52-week low of $30.47 and a 52-week high of $85.20.

ProShares UltraPro QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 3rd. Stockholders of record on Wednesday, June 26th were issued a $0.2828 dividend. The ex-dividend date was Wednesday, June 26th. This is an increase 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 1.70%.

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.