39,346 Shares in ProShares UltraPro QQQ $TQQQ Bought by MFG Wealth Management Inc.

Key Points

• MFG Wealth Management Inc. has acquired 39,346 shares of ProShares UltraPro QQQ (TQQQ) valued at approximately $3.27 million, making it the firm's 9th largest position.
• The ProShares UltraPro QQQ recently increased its quarterly dividend to $0.2183 per share, up from the previous $0.20, reflecting a 0.9% yield.
• As of the latest update, TQQQ's market capitalization stands at $30.58 billion, with a current price of $99.23 and a 52-week high of $99.27.

MFG Wealth Management Inc. bought a new position in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 39,346 shares of the exchange traded fund's stock, valued at approximately $3,266,000. ProShares UltraPro QQQ accounts for about 2.8% of MFG Wealth Management Inc.'s portfolio, making the stock its 9th biggest position.

Several other institutional investors have also recently bought and sold shares of TQQQ. MRP Capital Investments LLC bought a new position in ProShares UltraPro QQQ in the 1st quarter worth $29,000. Columbia River Financial Group LLC bought a new position in ProShares UltraPro QQQ in the 1st quarter worth $47,000. Wolff Wiese Magana LLC acquired a new stake in ProShares UltraPro QQQ in the 1st quarter worth $94,000. Beacon Capital Management LLC grew its position in ProShares UltraPro QQQ by 32.8% in the 1st quarter. Beacon Capital Management LLC now owns 1,823 shares of the exchange traded fund's stock worth $104,000 after purchasing an additional 450 shares during the last quarter. Finally, Canton Hathaway LLC acquired a new stake in ProShares UltraPro QQQ in the 1st quarter worth $118,000.

ProShares UltraPro QQQ Price Performance

NASDAQ TQQQ opened at $99.23 on Tuesday. The firm has a market capitalization of $30.58 billion, a price-to-earnings ratio of 38.25 and a beta of 3.45. The company's fifty day moving average is $89.57 and its two-hundred day moving average is $72.88. ProShares UltraPro QQQ has a 52-week low of $35.00 and a 52-week high of $99.27.

ProShares UltraPro QQQ Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Wednesday, June 25th were given a $0.2183 dividend. The ex-dividend date was Wednesday, June 25th. This represents a $0.87 annualized dividend and a yield of 0.9%. This is a positive change from ProShares UltraPro QQQ's previous quarterly dividend of $0.20.

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.

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