Flow Traders U.S. LLC Sells 196,513 Shares of ProShares UltraPro QQQ $TQQQ

Key Points

• Flow Traders U.S. LLC cut its stake in ProShares UltraPro QQQ (TQQQ) by 66.2%, selling 196,513 shares in Q3 and leaving 100,400 shares valued at $10.381 million per its SEC filing.
• Goldman Sachs sharply increased its exposure, boosting its TQQQ position by 4,237% to 520,444 shares (about $29.8 million) in the first quarter.
• ProShares UltraPro QQQ raised its quarterly dividend to $0.0855 (from $0.05), an annualized $0.34 payout (0.7% yield) paid Dec. 31 with record/ex-dividend date Dec. 24.

Flow Traders U.S. LLC lessened its holdings in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 66.2% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 100,400 shares of the exchange traded fund's stock after selling 196,513 shares during the period. Flow Traders U.S. LLC's holdings in ProShares UltraPro QQQ were worth $10,381,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC raised its holdings in shares of ProShares UltraPro QQQ by 19.2% in the 1st quarter. Integrated Wealth Concepts LLC now owns 4,971 shares of the exchange traded fund's stock valued at $285,000 after acquiring an additional 799 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of ProShares UltraPro QQQ by 4,237.0% during 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 acquiring an additional 508,444 shares during the last quarter. Focus Partners Wealth grew its holdings in shares of ProShares UltraPro QQQ by 30.8% during the first quarter. Focus Partners Wealth now owns 10,954 shares of the exchange traded fund's stock worth $628,000 after purchasing an additional 2,578 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of ProShares UltraPro QQQ by 20.4% during the second quarter. Envestnet Asset Management Inc. now owns 7,436 shares of the exchange traded fund's stock worth $617,000 after purchasing an additional 1,261 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of ProShares UltraPro QQQ by 439.5% in the second quarter. PNC Financial Services Group Inc. now owns 12,634 shares of the exchange traded fund's stock worth $1,049,000 after purchasing an additional 10,292 shares during the last quarter.

ProShares UltraPro QQQ Price Performance

Shares of TQQQ opened at $45.93 on Monday. The firm's 50 day simple moving average is $51.59 and its 200 day simple moving average is $52.07. The company has a market capitalization of $24.65 billion, a P/E ratio of 38.25 and a beta of 3.46. ProShares UltraPro QQQ has a 1-year low of $17.50 and a 1-year high of $60.69.

ProShares UltraPro QQQ Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 24th were issued a $0.0855 dividend. This represents a $0.34 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Wednesday, December 24th. This is a positive change from ProShares UltraPro QQQ's previous quarterly dividend of $0.05.

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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