Ameliora Wealth Management Ltd. Trims Stock Position in ProShares UltraPro QQQ $TQQQ

Key Points

• Ameliora Wealth Management Ltd. reduced its stake in ProShares UltraPro QQQ by 40.7%, owning 8,773 shares worth approximately $728,000 after selling 6,022 shares in the second quarter.
• Multiple institutional investors, including Ameritas Advisory Services and Dogwood Wealth Management, have recently initiated new positions in ProShares UltraPro QQQ, indicating increased interest in this investment.
• ProShares UltraPro QQQ declared a quarterly dividend of $0.0978, representing a 0.4% dividend yield, with payments made to investors of record on September 24th.

Ameliora Wealth Management Ltd. lessened its stake in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 40.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,773 shares of the exchange traded fund's stock after selling 6,022 shares during the quarter. Ameliora Wealth Management Ltd.'s holdings in ProShares UltraPro QQQ were worth $728,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ameritas Advisory Services LLC acquired a new position in ProShares UltraPro QQQ in the second quarter valued at approximately $25,000. MRP Capital Investments LLC purchased a new position in shares of ProShares UltraPro QQQ during the 1st quarter valued at approximately $29,000. Columbia River Financial Group LLC purchased a new position in shares of ProShares UltraPro QQQ during the 1st quarter valued at approximately $47,000. Keystone Financial Group Inc. acquired a new position in shares of ProShares UltraPro QQQ in the 2nd quarter valued at $48,000. Finally, Dogwood Wealth Management LLC grew its position in ProShares UltraPro QQQ by 302.0% during the second quarter. Dogwood Wealth Management LLC now owns 1,001 shares of the exchange traded fund's stock valued at $83,000 after buying an additional 752 shares during the period.

ProShares UltraPro QQQ Stock Performance

TQQQ opened at $107.04 on Tuesday. The company has a fifty day moving average of $94.49 and a two-hundred day moving average of $76.97. The stock has a market capitalization of $28.63 billion, a price-to-earnings ratio of 38.25 and a beta of 3.45. ProShares UltraPro QQQ has a fifty-two week low of $35.00 and a fifty-two week high of $107.88.

ProShares UltraPro QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Wednesday, September 24th were paid a $0.0978 dividend. This represents a $0.39 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Wednesday, September 24th.

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.

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