Demars Financial Group LLC Grows Stock Holdings in ProShares UltraPro QQQ $TQQQ

Key Points

• Demars Financial Group LLC boosted its stake in ProShares UltraPro QQQ (TQQQ) by 118.3% in Q4, adding 39,876 shares to total 73,570 shares valued at $3.879 million, making TQQQ ~1.3% of its holdings and its 13th-largest position.
• Shares of TQQQ were up 8.7%, opening at $48.00, with a market cap of $28.14 billion, a beta of 3.50, and a 52-week range of $19.36 to $60.69.
• The ETF targets daily returns equal to 300% of the NASDAQ-100 and recently paid a quarterly dividend of $0.0716 (annualized $0.29), implying a yield near 0.6%.

Demars Financial Group LLC boosted its position in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 118.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 73,570 shares of the exchange traded fund's stock after acquiring an additional 39,876 shares during the period. ProShares UltraPro QQQ comprises approximately 1.3% of Demars Financial Group LLC's holdings, making the stock its 13th biggest holding. Demars Financial Group LLC's holdings in ProShares UltraPro QQQ were worth $3,879,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. WFA of San Diego LLC purchased a new stake in ProShares UltraPro QQQ in the 2nd quarter worth approximately $25,000. N.E.W. Advisory Services LLC purchased a new stake in ProShares UltraPro QQQ in the 2nd quarter worth approximately $30,000. BOKF NA acquired a new position in shares of ProShares UltraPro QQQ in the 3rd quarter valued at $31,000. CoreCap Advisors LLC boosted its holdings in shares of ProShares UltraPro QQQ by 69.8% in the 4th quarter. CoreCap Advisors LLC now owns 584 shares of the exchange traded fund's stock valued at $31,000 after purchasing an additional 240 shares during the last quarter. Finally, Halbert Hargrove Global Advisors LLC acquired a new position in shares of ProShares UltraPro QQQ in the 3rd quarter valued at $44,000.

ProShares UltraPro QQQ Stock Up 8.7%

Shares of TQQQ opened at $48.00 on Thursday. The firm has a market cap of $28.14 billion, a PE ratio of 38.25 and a beta of 3.50. The company's fifty day moving average is $47.72 and its two-hundred day moving average is $51.61. ProShares UltraPro QQQ has a fifty-two week low of $19.36 and a fifty-two week high of $60.69.

ProShares UltraPro QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 25th were issued a $0.0716 dividend. This represents a $0.29 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Wednesday, March 25th.

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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