ProShares UltraPro QQQ $TQQQ Shares Purchased by Spire Wealth Management

Spire Wealth Management raised its stake in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) by 88.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 958 shares of the exchange traded fund’s stock after buying an additional 449 shares during the quarter. Spire Wealth Management’s holdings in ProShares UltraPro QQQ were worth $80,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of TQQQ. Kingstone Capital Partners Texas LLC acquired a new stake in ProShares UltraPro QQQ during the 2nd quarter valued at $395,951,000. Howard Capital Management Inc. grew its holdings in ProShares UltraPro QQQ by 1,071.0% during the 2nd quarter. Howard Capital Management Inc. now owns 4,855,196 shares of the exchange traded fund’s stock valued at $404,067,000 after buying an additional 4,440,578 shares during the last quarter. IMC Chicago LLC grew its holdings in ProShares UltraPro QQQ by 9,296.8% during the 2nd quarter. IMC Chicago LLC now owns 1,168,112 shares of the exchange traded fund’s stock valued at $96,953,000 after buying an additional 1,155,681 shares during the last quarter. Jump Financial LLC acquired a new stake in ProShares UltraPro QQQ during the 1st quarter valued at $53,458,000. Finally, McElhenny Sheffield Capital Management LLC acquired a new stake in ProShares UltraPro QQQ during the 2nd quarter valued at $54,068,000.

ProShares UltraPro QQQ Stock Performance

Shares of NASDAQ:TQQQ opened at $113.24 on Thursday. The business’s fifty day moving average price is $102.91 and its two-hundred day moving average price is $85.82. The stock has a market cap of $29.70 billion, a PE ratio of 38.25 and a beta of 3.46. ProShares UltraPro QQQ has a one year low of $35.00 and a one year high of $121.37.

Shares of ProShares UltraPro QQQ are going to split on Thursday, November 20th. The 2-1 split was recently announced. The newly issued shares will be payable to shareholders after the market closes on Wednesday, November 19th.

ProShares UltraPro QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Wednesday, September 24th were issued a dividend of $0.0978 per share. This represents a $0.39 dividend on an annualized basis and a yield of 0.3%. 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.