Discipline Wealth Solutions LLC Cuts Stock Holdings 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 reduced its stake in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 22.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,316 shares of the exchange traded fund's stock after selling 3,907 shares during the period. Discipline Wealth Solutions LLC's holdings in ProShares UltraPro QQQ were worth $1,105,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. HBW Advisory Services LLC raised its stake in shares of ProShares UltraPro QQQ by 3.2% in the second quarter. HBW Advisory Services LLC now owns 4,542 shares of the exchange traded fund's stock valued at $377,000 after acquiring an additional 139 shares in the last quarter. Kovitz Investment Group Partners LLC raised its stake in shares of ProShares UltraPro QQQ by 2.9% in the first quarter. Kovitz Investment Group Partners LLC now owns 5,691 shares of the exchange traded fund's stock valued at $326,000 after acquiring an additional 158 shares in the last quarter. Family Capital Management Inc. raised its stake in shares of ProShares UltraPro QQQ by 5.0% in the first quarter. Family Capital Management Inc. now owns 4,428 shares of the exchange traded fund's stock valued at $254,000 after acquiring an additional 210 shares in the last quarter. Parallel Advisors LLC raised its stake in shares of ProShares UltraPro QQQ by 5.1% in the first quarter. Parallel Advisors LLC now owns 5,654 shares of the exchange traded fund's stock valued at $324,000 after acquiring an additional 274 shares in the last quarter. Finally, Edgestream Partners L.P. raised its stake in shares of ProShares UltraPro QQQ by 1.1% in the first quarter. Edgestream Partners L.P. now owns 26,419 shares of the exchange traded fund's stock valued at $1,514,000 after acquiring an additional 285 shares in the last quarter.

ProShares UltraPro QQQ Trading Up 1.2%

Shares of NASDAQ TQQQ opened at $96.76 on Friday. The stock has a market cap of $29.82 billion, a P/E ratio of 38.25 and a beta of 3.45. ProShares UltraPro QQQ has a 12-month low of $35.00 and a 12-month high of $97.37. The business's fifty day simple moving average is $89.25 and its 200-day simple moving average is $72.70.

ProShares UltraPro QQQ Increases Dividend

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

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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