ProShares UltraPro QQQ $TQQQ Stock Position Reduced by Beacon Capital Management LLC

Beacon Capital Management LLC lessened its position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) by 26.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,335 shares of the exchange traded fund’s stock after selling 488 shares during the period. Beacon Capital Management LLC’s holdings in ProShares UltraPro QQQ were worth $111,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. HBW Advisory Services LLC lifted its holdings in ProShares UltraPro QQQ by 3.2% during the 2nd quarter. HBW Advisory Services LLC now owns 4,542 shares of the exchange traded fund’s stock worth $377,000 after buying an additional 139 shares during the last quarter. Kovitz Investment Group Partners LLC lifted its holdings in ProShares UltraPro QQQ by 2.9% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 5,691 shares of the exchange traded fund’s stock worth $326,000 after buying an additional 158 shares during the last quarter. Physician Wealth Advisors Inc. lifted its holdings in ProShares UltraPro QQQ by 2.5% during the 2nd quarter. Physician Wealth Advisors Inc. now owns 7,984 shares of the exchange traded fund’s stock worth $663,000 after buying an additional 198 shares during the last quarter. Family Capital Management Inc. lifted its holdings in ProShares UltraPro QQQ by 5.0% during the 1st quarter. Family Capital Management Inc. now owns 4,428 shares of the exchange traded fund’s stock worth $254,000 after buying an additional 210 shares during the last quarter. Finally, Parallel Advisors LLC lifted its holdings in ProShares UltraPro QQQ by 5.1% during the 1st quarter. Parallel Advisors LLC now owns 5,654 shares of the exchange traded fund’s stock worth $324,000 after buying an additional 274 shares during the last quarter.

ProShares UltraPro QQQ Trading Up 1.2%

Shares of NASDAQ TQQQ opened at $101.25 on Friday. The company has a market cap of $31.21 billion, a price-to-earnings ratio of 38.25 and a beta of 3.45. ProShares UltraPro QQQ has a 12-month low of $35.00 and a 12-month high of $105.08. The stock’s 50 day simple moving average is $92.51 and its 200 day simple moving average is $75.05.

ProShares UltraPro QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Wednesday, September 24th will be issued a $0.0978 dividend. The ex-dividend date of this dividend is Wednesday, September 24th. This represents a $0.39 annualized dividend and a dividend yield of 0.4%.

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.