Blue Sky Capital Consultants Group Inc. Grows Stake in ProShares UltraPro QQQ $TQQQ

Key Points

• Blue Sky Capital Consultants Group Inc. raised its stake in ProShares UltraPro QQQ (TQQQ) by 98.5% in Q4 to 45,756 shares worth $2.41M, representing about 1.0% of its portfolio and its 28th-largest holding.
• Several other managers added exposure, notably Howard Capital Management increased its position 83.6% to 8,465,262 shares (~$446.3M), while Clarity Wealth, Diversify Advisory and others also materially boosted stakes.
• TQQQ is a leveraged ETF seeking daily results of 3x the NASDAQ‑100; it has a 1-year range of $20.12–$60.69, market cap ≈ $28.25B, beta 3.53, and recently paid a quarterly dividend of $0.0716 (annualized $0.29, ~0.6% yield).

Blue Sky Capital Consultants Group Inc. raised its stake in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 98.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,756 shares of the exchange traded fund's stock after purchasing an additional 22,707 shares during the quarter. ProShares UltraPro QQQ comprises about 1.0% of Blue Sky Capital Consultants Group Inc.'s investment portfolio, making the stock its 28th biggest position. Blue Sky Capital Consultants Group Inc.'s holdings in ProShares UltraPro QQQ were worth $2,412,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the stock. Halbert Hargrove Global Advisors LLC raised its position in ProShares UltraPro QQQ by 100.0% in the fourth quarter. Halbert Hargrove Global Advisors LLC now owns 852 shares of the exchange traded fund's stock valued at $45,000 after purchasing an additional 426 shares during the period. Howard Capital Management Inc. raised its position in ProShares UltraPro QQQ by 83.6% in the fourth quarter. Howard Capital Management Inc. now owns 8,465,262 shares of the exchange traded fund's stock valued at $446,289,000 after purchasing an additional 3,855,510 shares during the period. Diversify Advisory Services LLC raised its position in ProShares UltraPro QQQ by 190.3% in the fourth quarter. Diversify Advisory Services LLC now owns 8,033 shares of the exchange traded fund's stock valued at $435,000 after purchasing an additional 5,266 shares during the period. Clarity Wealth Advisors LLC raised its position in ProShares UltraPro QQQ by 112.6% in the fourth quarter. Clarity Wealth Advisors LLC now owns 33,840 shares of the exchange traded fund's stock valued at $1,784,000 after purchasing an additional 17,920 shares during the period. Finally, Rodgers & Associates LTD increased its position in shares of ProShares UltraPro QQQ by 4.8% during the fourth quarter. Rodgers & Associates LTD now owns 4,404 shares of the exchange traded fund's stock worth $232,000 after acquiring an additional 202 shares during the last quarter.

ProShares UltraPro QQQ Stock Performance

Shares of NASDAQ TQQQ opened at $49.17 on Friday. ProShares UltraPro QQQ has a 1 year low of $20.12 and a 1 year high of $60.69. The firm has a market cap of $28.25 billion, a price-to-earnings ratio of 38.25 and a beta of 3.53. The stock's 50-day simple moving average is $47.49 and its 200-day simple moving average is $51.57.

ProShares UltraPro QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 25th were given a dividend of $0.0716 per share. This represents a $0.29 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Wednesday, March 25th.

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

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