Droms Strauss Advisors Inc. MO ADV Makes New Investment in ProShares UltraPro QQQ $TQQQ

Key Points

• Droms Strauss Advisors Inc. purchased 4,000 shares of ProShares UltraPro QQQ (TQQQ) in the 2nd quarter, valued at approximately $332,000.
• ProShares UltraPro QQQ recently declared a quarterly dividend of $0.0978 per share, resulting in an annualized dividend of $0.39 and a yield of 0.4%.
• The market cap of ProShares UltraPro QQQ is approximately $31.62 billion, with stock prices ranging between a low of $35.00 and a high of $105.08 over the past year.

Droms Strauss Advisors Inc. MO ADV purchased a new stake in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The fund purchased 4,000 shares of the exchange traded fund's stock, valued at approximately $332,000.

Several other hedge funds have also made changes to their positions in TQQQ. MRP Capital Investments LLC purchased a new stake in shares of ProShares UltraPro QQQ in the first quarter valued at $29,000. Columbia River Financial Group LLC purchased a new stake in ProShares UltraPro QQQ in the 1st quarter valued at about $47,000. Wolff Wiese Magana LLC purchased a new stake in ProShares UltraPro QQQ in the 1st quarter valued at about $94,000. Beacon Capital Management LLC increased its stake in shares of ProShares UltraPro QQQ by 32.8% during the 1st quarter. Beacon Capital Management LLC now owns 1,823 shares of the exchange traded fund's stock valued at $104,000 after acquiring an additional 450 shares during the last quarter. Finally, Menard Financial Group LLC purchased a new position in shares of ProShares UltraPro QQQ during the 4th quarter worth about $146,000.

ProShares UltraPro QQQ Stock Performance

ProShares UltraPro QQQ stock opened at $102.61 on Wednesday. ProShares UltraPro QQQ has a 1 year low of $35.00 and a 1 year high of $105.08. The firm has a 50 day moving average price of $91.64 and a 200 day moving average price of $74.20. The company has a market cap of $31.62 billion, a price-to-earnings ratio of 38.25 and a beta of 3.45.

ProShares UltraPro QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Wednesday, September 24th will be 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 is Wednesday, September 24th.

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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