Financial Insights Inc. Buys New Holdings in ProShares UltraPro QQQ $TQQQ

Key Points

• Financial Insights Inc. has acquired a new stake in ProShares UltraPro QQQ, purchasing 2,569 shares valued at approximately $213,000 in the second quarter.
• Other major investors have also increased their positions in TQQQ, with Kingstone Capital Partners investing about $395,951,000 and Goldman Sachs Group raising its stake by 4,237% in the first quarter.
• ProShares UltraPro QQQ recently paid a quarterly dividend of $0.0978, resulting in an annualized dividend of $0.39 and a dividend yield of 0.4%.

Financial Insights Inc. purchased a new stake in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,569 shares of the exchange traded fund's stock, valued at approximately $213,000.

A number of other large investors also recently modified their holdings of TQQQ. Kingstone Capital Partners Texas LLC acquired a new position in shares of ProShares UltraPro QQQ in the 2nd quarter valued at about $395,951,000. Oriental Harbor Investment Fund lifted its stake in shares of ProShares UltraPro QQQ by 47.3% in the 1st quarter. Oriental Harbor Investment Fund now owns 1,515,410 shares of the exchange traded fund's stock valued at $86,488,000 after purchasing an additional 486,506 shares in the last quarter. Jump Financial LLC acquired a new position in shares of ProShares UltraPro QQQ in the 1st quarter valued at about $53,458,000. Goldman Sachs Group Inc. lifted its stake 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 valued at $29,821,000 after purchasing an additional 508,444 shares in the last quarter. Finally, PPSC Investment Service Corp lifted its stake in shares of ProShares UltraPro QQQ by 16.3% in the 1st quarter. PPSC Investment Service Corp now owns 519,345 shares of the exchange traded fund's stock valued at $29,758,000 after purchasing an additional 72,930 shares in the last quarter.

ProShares UltraPro QQQ Price Performance

NASDAQ TQQQ opened at $104.70 on Friday. The firm has a market capitalization of $28.00 billion, a P/E ratio of 38.25 and a beta of 3.45. ProShares UltraPro QQQ has a 1-year low of $35.00 and a 1-year high of $106.87. The business's 50-day simple moving average is $94.15 and its 200-day simple moving average is $76.56.

ProShares UltraPro QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Wednesday, September 24th were paid a $0.0978 dividend. This represents a $0.39 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Wednesday, September 24th.

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.

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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