Greenhouse Wealth Management LLC Makes New $1.27 Million Investment in ProShares UltraPro QQQ $TQQQ

Key Points

• Greenhouse Wealth Management LLC invested approximately $1.27 million in ProShares UltraPro QQQ ($TQQQ), acquiring 15,533 shares which make up 0.8% of its portfolio.
• ProShares UltraPro QQQ's stock has a one-year range of $35.00 to $105.08, with current trading at about $102.60.
• The ETF recently announced a quarterly dividend of $0.0978 per share, with an annualized yield of 0.4%.

Greenhouse Wealth Management LLC purchased a new stake in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 15,533 shares of the exchange traded fund's stock, valued at approximately $1,265,000. ProShares UltraPro QQQ comprises 0.8% of Greenhouse Wealth Management LLC's portfolio, making the stock its 18th largest position.

A number of other institutional investors have also made changes to their positions in the stock. Janney Montgomery Scott LLC acquired a new stake in shares of ProShares UltraPro QQQ during the second quarter valued at about $208,000. Avior Wealth Management LLC acquired a new stake in shares of ProShares UltraPro QQQ during the second quarter valued at about $500,000. Maridea Wealth Management LLC acquired a new stake in shares of ProShares UltraPro QQQ during the second quarter valued at about $991,000. Significant Wealth Partners LLC increased its position in shares of ProShares UltraPro QQQ by 30.7% during the second quarter. Significant Wealth Partners LLC now owns 12,503 shares of the exchange traded fund's stock valued at $1,038,000 after acquiring an additional 2,935 shares during the last quarter. Finally, Surience Private Wealth LLC acquired a new stake in shares of ProShares UltraPro QQQ during the second quarter valued at about $1,327,000.

ProShares UltraPro QQQ Price Performance

Shares of TQQQ opened at $102.60 on Tuesday. ProShares UltraPro QQQ has a 1-year low of $35.00 and a 1-year high of $105.08. The stock has a market cap of $31.62 billion, a PE ratio of 38.25 and a beta of 3.45. The firm has a 50-day simple moving average of $92.80 and a two-hundred day simple moving average of $75.46.

ProShares UltraPro QQQ Cuts Dividend

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

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.

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