Ausdal Financial Partners Inc. Acquires 45,813 Shares of ProShares UltraPro QQQ $TQQQ

Key Points

• Ausdal Financial Partners increased its stake in ProShares UltraPro QQQ by 778.5% in Q3, acquiring an additional 45,813 shares to hold 51,698 shares worth about $5.35 million.
• ProShares UltraPro QQQ recently raised its quarterly dividend to $0.0855 (from $0.05), representing a $0.34 annualized payout and roughly a 0.7% yield; the dividend was paid on December 31 with an ex-dividend date of December 24.
• TQQQ is a triple‑leveraged ETF tracking the NASDAQ‑100 (300% daily exposure); it trades with high volatility (beta ~3.46), opened at $45.93 in the latest session, and has a 12‑month range of $17.50–$60.69.

Ausdal Financial Partners Inc. grew its holdings in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 778.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,698 shares of the exchange traded fund's stock after acquiring an additional 45,813 shares during the period. Ausdal Financial Partners Inc.'s holdings in ProShares UltraPro QQQ were worth $5,346,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Advyzon Investment Management LLC grew its holdings in ProShares UltraPro QQQ by 145.6% during the third quarter. Advyzon Investment Management LLC now owns 45,678 shares of the exchange traded fund's stock valued at $4,723,000 after purchasing an additional 27,081 shares during the period. Orion Porfolio Solutions LLC increased its position in ProShares UltraPro QQQ by 148.2% in the third quarter. Orion Porfolio Solutions LLC now owns 84,408 shares of the exchange traded fund's stock worth $8,728,000 after buying an additional 50,404 shares in the last quarter. Manchester Capital Management LLC bought a new position in shares of ProShares UltraPro QQQ in the second quarter worth about $498,000. Envestnet Asset Management Inc. raised its stake in shares of ProShares UltraPro QQQ by 20.4% in the second quarter. Envestnet Asset Management Inc. now owns 7,436 shares of the exchange traded fund's stock worth $617,000 after buying an additional 1,261 shares during the period. Finally, Empowered Funds LLC lifted its position in shares of ProShares UltraPro QQQ by 415.3% during the 2nd quarter. Empowered Funds LLC now owns 44,838 shares of the exchange traded fund's stock valued at $3,722,000 after buying an additional 36,136 shares in the last quarter.

ProShares UltraPro QQQ Trading Down 1.9%

Shares of NASDAQ:TQQQ opened at $45.93 on Friday. The stock has a 50 day moving average of $51.59 and a 200 day moving average of $52.03. The company has a market cap of $24.65 billion, a PE ratio of 38.25 and a beta of 3.46. ProShares UltraPro QQQ has a 12-month low of $17.50 and a 12-month high of $60.69.

ProShares UltraPro QQQ Increases Dividend

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

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

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