Blue Sky Capital Consultants Group Inc. Makes New $1.96 Million Investment in ProShares UltraPro QQQ (NASDAQ:TQQQ)

Blue Sky Capital Consultants Group Inc. acquired a new position in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 24,826 shares of the exchange traded fund's stock, valued at approximately $1,964,000. ProShares UltraPro QQQ accounts for approximately 1.2% of Blue Sky Capital Consultants Group Inc.'s investment portfolio, making the stock its 23rd largest position.

A number of other institutional investors have also made changes to their positions in TQQQ. JPMorgan Chase & Co. increased its stake in shares of ProShares UltraPro QQQ by 55.3% in the third quarter. JPMorgan Chase & Co. now owns 16,951 shares of the exchange traded fund's stock worth $1,229,000 after purchasing an additional 6,039 shares during the period. Merit Financial Group LLC bought a new position in ProShares UltraPro QQQ during the fourth quarter valued at about $338,000. Drive Wealth Management LLC bought a new position in ProShares UltraPro QQQ during the fourth quarter valued at about $1,108,000. Kingswood Wealth Advisors LLC bought a new position in ProShares UltraPro QQQ during the fourth quarter valued at about $1,073,000. Finally, Foundations Investment Advisors LLC increased its stake in ProShares UltraPro QQQ by 6.0% during the fourth quarter. Foundations Investment Advisors LLC now owns 14,508 shares of the exchange traded fund's stock valued at $1,148,000 after acquiring an additional 816 shares during the period.

ProShares UltraPro QQQ Trading Up 7.0%

TQQQ traded up $4.62 on Tuesday, hitting $70.94. 64,852,061 shares of the stock traded hands, compared to its average volume of 67,364,687. ProShares UltraPro QQQ has a 52 week low of $35.00 and a 52 week high of $93.79. The firm has a market capitalization of $27.47 billion, a PE ratio of 32.04 and a beta of 3.45. The business has a fifty day moving average price of $56.64 and a two-hundred day moving average price of $71.97.

ProShares UltraPro QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 26th were paid a $0.1977 dividend. The ex-dividend date was Wednesday, March 26th. This represents a $0.79 annualized dividend and a dividend yield of 1.11%.

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.