ProShares UltraPro QQQ $TQQQ Stake Lowered by Prosperity Wealth Management Inc.

Prosperity Wealth Management Inc. reduced its position in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 20.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,740 shares of the exchange traded fund’s stock after selling 12,861 shares during the period. ProShares UltraPro QQQ accounts for about 1.5% of Prosperity Wealth Management Inc.’s investment portfolio, making the stock its 10th biggest position. Prosperity Wealth Management Inc.’s holdings in ProShares UltraPro QQQ were worth $4,128,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Ameritas Advisory Services LLC purchased a new stake in shares of ProShares UltraPro QQQ in the second quarter worth about $25,000. MRP Capital Investments LLC purchased a new stake in shares of ProShares UltraPro QQQ in the first quarter worth about $29,000. Columbia River Financial Group LLC purchased a new stake in shares of ProShares UltraPro QQQ in the first quarter worth about $47,000. Keystone Financial Group Inc. purchased a new stake in shares of ProShares UltraPro QQQ in the second quarter worth about $48,000. Finally, Bogart Wealth LLC purchased a new stake in shares of ProShares UltraPro QQQ in the second quarter worth about $58,000.

ProShares UltraPro QQQ Trading Up 1.4%

NASDAQ:TQQQ opened at $116.72 on Friday. The company has a market capitalization of $30.72 billion, a P/E ratio of 38.25 and a beta of 3.46. ProShares UltraPro QQQ has a 12 month low of $35.00 and a 12 month high of $121.37. The business’s 50-day moving average is $101.48 and its 200 day moving average is $84.37.

ProShares UltraPro QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Wednesday, September 24th were paid a dividend of $0.0978 per share. This represents a $0.39 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Wednesday, September 24th.

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.