Global Assets Advisory LLC Sells 3,792 Shares of ProShares UltraPro QQQ $TQQQ

Key Points

• Global Assets Advisory LLC reduced its stake in ProShares UltraPro QQQ by 46.3%, selling 3,792 shares, leaving them with 4,399 shares valued at approximately $356,000.
• ProShares UltraPro QQQ recently announced a quarterly dividend of $0.0978 per share, yielding about 0.4% annually, with the ex-dividend date recorded as September 24.
• The ETF aims to achieve 300% of the daily performance of the NASDAQ-100 Index and has a market cap of $28.63 billion with a high beta of 3.45.

Global Assets Advisory LLC trimmed its position in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 46.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,399 shares of the exchange traded fund's stock after selling 3,792 shares during the quarter. Global Assets Advisory LLC's holdings in ProShares UltraPro QQQ were worth $356,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Ameritas Advisory Services LLC acquired a new position in shares of ProShares UltraPro QQQ in the 2nd quarter worth approximately $25,000. MRP Capital Investments LLC acquired a new position in ProShares UltraPro QQQ during the first quarter worth $29,000. Columbia River Financial Group LLC acquired a new position in ProShares UltraPro QQQ during the first quarter worth $47,000. Keystone Financial Group Inc. bought a new position in shares of ProShares UltraPro QQQ during the second quarter valued at $48,000. Finally, Dogwood Wealth Management LLC boosted its stake in shares of ProShares UltraPro QQQ by 302.0% in the 2nd quarter. Dogwood Wealth Management LLC now owns 1,001 shares of the exchange traded fund's stock valued at $83,000 after purchasing an additional 752 shares in the last quarter.

ProShares UltraPro QQQ Price Performance

Shares of ProShares UltraPro QQQ stock opened at $107.04 on Tuesday. The firm has a 50 day simple moving average of $94.49 and a 200 day simple moving average of $76.97. ProShares UltraPro QQQ has a fifty-two week low of $35.00 and a fifty-two week high of $107.88. The firm has a market cap of $28.63 billion, a P/E ratio of 38.25 and a beta of 3.45.

ProShares UltraPro QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Wednesday, September 24th were issued a dividend of $0.0978 per share. The ex-dividend date was Wednesday, September 24th. This represents a $0.39 dividend on an annualized basis and a yield of 0.4%.

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.

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