Discipline Wealth Solutions LLC Has $1.11 Million Stock Position in ProShares UltraPro QQQ $TQQQ

Key Points

• Discipline Wealth Solutions LLC reduced its stake in ProShares UltraPro QQQ by 22.7%, now holding 13,316 shares worth approximately $1,105,000.
• Other hedge funds, including HBW Advisory Services LLC and Kovitz Investment Group Partners LLC, have also modified their holdings, with some increasing their stakes in the fund.
• ProShares UltraPro QQQ has declared a quarterly dividend increase to $0.2183 from the previous $0.20, representing an annualized yield of 0.9%.

Discipline Wealth Solutions LLC trimmed its holdings in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 22.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,316 shares of the exchange traded fund's stock after selling 3,907 shares during the quarter. Discipline Wealth Solutions LLC's holdings in ProShares UltraPro QQQ were worth $1,105,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in TQQQ. Stuart Chaussee & Associates Inc. purchased a new stake in shares of ProShares UltraPro QQQ during the 4th quarter worth $1,473,000. Blue Sky Capital Consultants Group Inc. acquired a new position in shares of ProShares UltraPro QQQ during the 4th quarter valued at about $1,964,000. Menard Financial Group LLC purchased a new stake in shares of ProShares UltraPro QQQ during the 4th quarter worth about $146,000. Alpha Wealth Funds LLC purchased a new position in ProShares UltraPro QQQ in the 4th quarter worth approximately $1,878,000. Finally, Howard Financial Services LTD. purchased a new position in shares of ProShares UltraPro QQQ during the 1st quarter valued at approximately $470,000.

ProShares UltraPro QQQ Price Performance

Shares of TQQQ stock traded up $1.34 on Friday, hitting $102.32. 22,067,910 shares of the stock traded hands, compared to its average volume of 79,263,133. ProShares UltraPro QQQ has a 1-year low of $35.00 and a 1-year high of $102.47. The company's fifty day moving average is $90.49 and its 200 day moving average is $73.44. The company has a market capitalization of $31.54 billion, a PE ratio of 38.25 and a beta of 3.45.

ProShares UltraPro QQQ Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Wednesday, June 25th were given a $0.2183 dividend. This is a positive change from ProShares UltraPro QQQ's previous quarterly dividend of $0.20. The ex-dividend date was Wednesday, June 25th. This represents a $0.87 dividend on an annualized basis and a dividend yield of 0.9%.

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.