Defined Financial Planning LLC Makes New Investment in ProShares UltraPro QQQ $TQQQ

Key Points

• Defined Financial Planning LLC has acquired 10,304 shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) valued at approximately $874,000, making it the firm's 25th biggest holding.
• Several other hedge funds have also invested in ProShares UltraPro QQQ, with Dogwood Wealth Management increasing its position by 302.0% during the second quarter.
• The firm recently declared a quarterly dividend of $0.0978 per share, resulting in an annualized yield of 0.4%.

Defined Financial Planning LLC acquired a new position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 10,304 shares of the exchange traded fund's stock, valued at approximately $874,000. ProShares UltraPro QQQ accounts for about 0.8% of Defined Financial Planning LLC's investment portfolio, making the stock its 25th biggest holding.

Other hedge funds have also made changes to their positions in the company. Ameritas Advisory Services LLC acquired a new stake in ProShares UltraPro QQQ during the second quarter worth about $25,000. MRP Capital Investments LLC bought a new stake in shares of ProShares UltraPro QQQ in the 1st quarter worth approximately $29,000. Columbia River Financial Group LLC acquired a new stake in shares of ProShares UltraPro QQQ during the 1st quarter worth approximately $47,000. Keystone Financial Group Inc. acquired a new stake in shares of ProShares UltraPro QQQ during the 2nd quarter worth approximately $48,000. Finally, Dogwood Wealth Management LLC increased its position in shares of 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 purchasing an additional 752 shares during the period.

ProShares UltraPro QQQ Trading Up 2.2%

Shares of NASDAQ TQQQ opened at $107.04 on Tuesday. The firm 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 one year low of $35.00 and a one year high of $107.88. The business has a fifty day simple moving average of $94.49 and a 200 day simple moving average of $76.97.

ProShares UltraPro QQQ Cuts Dividend

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

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.

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