Wealth Architects LLC Sells 540 Shares of ProShares UltraPro QQQ $TQQQ

Wealth Architects LLC decreased its stake in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) by 4.9% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,442 shares of the exchange traded fund’s stock after selling 540 shares during the quarter. Wealth Architects LLC’s holdings in ProShares UltraPro QQQ were worth $867,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the business. Kingstone Capital Partners Texas LLC bought a new position in ProShares UltraPro QQQ during the second quarter valued at $395,951,000. Oriental Harbor Investment Fund lifted its position in ProShares UltraPro QQQ by 47.3% during the first quarter. Oriental Harbor Investment Fund now owns 1,515,410 shares of the exchange traded fund’s stock valued at $86,488,000 after purchasing an additional 486,506 shares during the last quarter. IMC Chicago LLC lifted its position in ProShares UltraPro QQQ by 9,296.8% during the second quarter. IMC Chicago LLC now owns 1,168,112 shares of the exchange traded fund’s stock valued at $96,953,000 after purchasing an additional 1,155,681 shares during the last quarter. Jump Financial LLC bought a new position in ProShares UltraPro QQQ during the first quarter valued at $53,458,000. Finally, McElhenny Sheffield Capital Management LLC bought a new position in ProShares UltraPro QQQ during the second quarter valued at $54,068,000.

ProShares UltraPro QQQ Stock Down 10.5%

TQQQ stock opened at $97.07 on Monday. ProShares UltraPro QQQ has a 52 week low of $35.00 and a 52 week high of $109.66. The company has a fifty day simple moving average of $95.88 and a two-hundred day simple moving average of $78.10. The firm has a market capitalization of $25.71 billion, a P/E ratio of 38.25 and a beta of 3.45.

ProShares UltraPro QQQ Cuts Dividend

The firm also recently disclosed 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. The ex-dividend date was Wednesday, September 24th. This represents a $0.39 annualized dividend and a yield of 0.4%.

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.