Axxcess Wealth Management LLC Has $211,000 Position in ProShares UltraPro QQQ $TQQQ

Axxcess Wealth Management LLC cut its holdings in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) by 97.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,037 shares of the exchange traded fund’s stock after selling 81,378 shares during the quarter. Axxcess Wealth Management LLC’s holdings in ProShares UltraPro QQQ were worth $211,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. 25 LLC increased its holdings in ProShares UltraPro QQQ by 1.5% during the third quarter. 25 LLC now owns 9,228 shares of the exchange traded fund’s stock worth $954,000 after buying an additional 135 shares during the last quarter. Millington Financial Advisors LLC increased its holdings in shares of ProShares UltraPro QQQ by 1.4% in the third quarter. Millington Financial Advisors LLC now owns 11,327 shares of the exchange traded fund’s stock valued at $1,169,000 after purchasing an additional 157 shares during the last quarter. Merit Financial Group LLC raised its position in shares of ProShares UltraPro QQQ by 2.1% in the third quarter. Merit Financial Group LLC now owns 7,642 shares of the exchange traded fund’s stock valued at $790,000 after purchasing an additional 158 shares during the period. MRP Capital Investments LLC boosted its holdings in shares of ProShares UltraPro QQQ by 50.0% during the 2nd quarter. MRP Capital Investments LLC now owns 750 shares of the exchange traded fund’s stock worth $62,000 after buying an additional 250 shares during the period. Finally, HBW Advisory Services LLC boosted its holdings in shares of ProShares UltraPro QQQ by 5.6% during the 3rd quarter. HBW Advisory Services LLC now owns 4,798 shares of the exchange traded fund’s stock worth $496,000 after buying an additional 256 shares during the period.

ProShares UltraPro QQQ Stock Down 3.6%

ProShares UltraPro QQQ stock opened at $48.24 on Tuesday. The company’s 50-day moving average price is $52.80 and its two-hundred day moving average price is $51.73. The stock has a market cap of $25.89 billion, a P/E ratio of 38.25 and a beta of 3.46. ProShares UltraPro QQQ has a twelve month low of $17.50 and a twelve month high of $60.69.

ProShares UltraPro QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 24th were given a dividend of $0.0855 per share. This represents a $0.34 annualized dividend and a yield of 0.7%. The ex-dividend date was Wednesday, December 24th. This is a positive change from ProShares UltraPro QQQ’s previous quarterly dividend of $0.05.

About ProShares UltraPro QQQ

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. ProShare Advisors LLC (ProShare Advisors) provides the investment advisory and management services for the Fund.