2,503 Shares in ProShares UltraPro QQQ $TQQQ Acquired by James J. Burns & Company LLC

Key Points

• James J. Burns & Company LLC acquired 2,503 shares of ProShares UltraPro QQQ ($TQQQ) for approximately $208,000 in the second quarter.
• ProShares UltraPro QQQ recently announced a quarterly dividend of $0.0978 per share, which is payable on September 30, representing an annualized yield of 0.4%.
• The stock is currently trading at $102.61, with a twelve-month range between a low of $35.00 and a high of $105.08.

James J. Burns & Company LLC acquired a new position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 2,503 shares of the exchange traded fund's stock, valued at approximately $208,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Main Street Group LTD lifted its position in ProShares UltraPro QQQ by 21.0% during the 2nd quarter. Main Street Group LTD now owns 59,868 shares of the exchange traded fund's stock worth $4,969,000 after acquiring an additional 10,381 shares during the period. Cranbrook Wealth Management LLC acquired a new stake in ProShares UltraPro QQQ during the 2nd quarter worth approximately $87,000. Droms Strauss Advisors Inc. MO ADV acquired a new stake in ProShares UltraPro QQQ during the 2nd quarter worth approximately $332,000. Kwmg LLC acquired a new stake in ProShares UltraPro QQQ during the 2nd quarter worth approximately $474,000. Finally, Crew Capital Management Ltd. acquired a new stake in ProShares UltraPro QQQ during the 2nd quarter worth approximately $283,000.

ProShares UltraPro QQQ Trading Down 2.0%

ProShares UltraPro QQQ stock opened at $102.61 on Wednesday. ProShares UltraPro QQQ has a twelve month low of $35.00 and a twelve month high of $105.08. The stock has a 50 day moving average of $91.64 and a two-hundred day moving average of $74.20. The stock has a market capitalization of $31.62 billion, a price-to-earnings ratio of 38.25 and a beta of 3.45.

ProShares UltraPro QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Wednesday, September 24th will be given a dividend of $0.0978 per share. This represents a $0.39 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is 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.

Want to see what other hedge funds are holding TQQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.