Demars Financial Group LLC Acquires Shares of 40,747 ProShares UltraPro QQQ $TQQQ

Key Points

• Demars Financial Group LLC acquired 40,747 shares of ProShares UltraPro QQQ (NASDAQ:TQQQ), valued at approximately $3,382,000, making it the 13th biggest position in their portfolio.
• Other institutions, such as IMC Chicago LLC, significantly increased their holdings in TQQQ, with IMC boosting its position by 9,296.8% during the same quarter.
• ProShares UltraPro QQQ recently announced a quarterly dividend of $0.0978 per share, representing a yield of 0.4% based on an annualized amount of $0.39.

Demars Financial Group LLC acquired a new position in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 40,747 shares of the exchange traded fund's stock, valued at approximately $3,382,000. ProShares UltraPro QQQ makes up 1.3% of Demars Financial Group LLC's investment portfolio, making the stock its 13th biggest position.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Kingstone Capital Partners Texas LLC purchased a new position in shares of ProShares UltraPro QQQ during the second quarter valued at about $395,951,000. IMC Chicago LLC boosted its position in ProShares UltraPro QQQ by 9,296.8% during the 2nd quarter. IMC Chicago LLC now owns 1,168,112 shares of the exchange traded fund's stock valued at $96,953,000 after acquiring an additional 1,155,681 shares in the last quarter. Jump Financial LLC purchased a new position in shares of ProShares UltraPro QQQ during the 1st quarter worth approximately $53,458,000. McElhenny Sheffield Capital Management LLC purchased a new position in shares of ProShares UltraPro QQQ during the 2nd quarter worth approximately $54,068,000. Finally, Goldman Sachs Group Inc. raised its position in shares of ProShares UltraPro QQQ by 4,237.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 520,444 shares of the exchange traded fund's stock worth $29,821,000 after acquiring an additional 508,444 shares in the last quarter.

ProShares UltraPro QQQ Stock Up 1.9%

TQQQ opened at $103.99 on Monday. ProShares UltraPro QQQ has a 52 week low of $35.00 and a 52 week high of $109.66. The stock has a market cap of $28.38 billion, a PE ratio of 38.25 and a beta of 3.45. The business has a 50 day moving average of $97.28 and a 200-day moving average of $79.71.

ProShares UltraPro QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Wednesday, September 24th were issued a dividend of $0.0978 per share. This represents a $0.39 dividend on an annualized basis 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.

Want to see what other hedge funds are holding TQQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report).

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