Members Advisory Group LLC Acquires New Position in ProShares UltraPro QQQ $TQQQ

Members Advisory Group LLC bought a new position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 2,843 shares of the exchange traded fund’s stock, valued at approximately $236,000.

Several other hedge funds have also modified their holdings of TQQQ. Ameritas Advisory Services LLC acquired a new position in ProShares UltraPro QQQ during the second quarter worth $25,000. MRP Capital Investments LLC purchased a new stake in shares of ProShares UltraPro QQQ during the 1st quarter worth $29,000. Columbia River Financial Group LLC acquired a new position in shares of ProShares UltraPro QQQ during the 1st quarter worth $47,000. Keystone Financial Group Inc. purchased a new position in shares of ProShares UltraPro QQQ in the 2nd quarter valued at about $48,000. Finally, Dogwood Wealth Management LLC lifted its stake in shares of ProShares UltraPro QQQ by 302.0% in the second quarter. Dogwood Wealth Management LLC now owns 1,001 shares of the exchange traded fund’s stock valued at $83,000 after purchasing an additional 752 shares during the period.

ProShares UltraPro QQQ Trading Up 1.9%

Shares of TQQQ opened at $103.99 on Monday. The firm’s 50-day moving average is $97.28 and its two-hundred day moving average is $79.71. ProShares UltraPro QQQ has a twelve month low of $35.00 and a twelve month high of $109.66. The firm has a market capitalization of $28.38 billion, a P/E ratio of 38.25 and a beta of 3.45.

ProShares UltraPro QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Wednesday, September 24th were given a dividend of $0.0978 per share. This represents a $0.39 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Wednesday, September 24th.

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.