IMC Chicago LLC Purchases 1,155,681 Shares of ProShares UltraPro QQQ $TQQQ

Key Points

• IMC Chicago LLC significantly increased its holdings in ProShares UltraPro QQQ by acquiring 1,155,681 shares, resulting in a total of 1,168,112 shares owned, valued at approximately $96.95 million.
• ProShares UltraPro QQQ announced a quarterly dividend of $0.0978, reflecting an annual dividend yield of 0.4% for investors.
• The stock opened at $104.70, with a market cap of $28 billion, and has seen a 1-year range from $35.00 to $106.87.

IMC Chicago LLC boosted its position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 9,296.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,168,112 shares of the exchange traded fund's stock after acquiring an additional 1,155,681 shares during the period. IMC Chicago LLC owned 0.36% of ProShares UltraPro QQQ worth $96,953,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of TQQQ. Ameritas Advisory Services LLC bought a new stake in shares of ProShares UltraPro QQQ during the second quarter valued at approximately $25,000. MRP Capital Investments LLC bought a new stake in shares of ProShares UltraPro QQQ during the first quarter valued at approximately $29,000. Columbia River Financial Group LLC bought a new stake in shares of ProShares UltraPro QQQ during the first quarter valued at approximately $47,000. Keystone Financial Group Inc. bought a new stake in shares of ProShares UltraPro QQQ during the second quarter valued at approximately $48,000. Finally, Dogwood Wealth Management LLC raised its position in shares of ProShares UltraPro QQQ by 302.0% during the second quarter. Dogwood Wealth Management LLC now owns 1,001 shares of the exchange traded fund's stock valued at $83,000 after buying an additional 752 shares during the last quarter.

ProShares UltraPro QQQ Price Performance

ProShares UltraPro QQQ stock opened at $104.70 on Friday. The stock has a market cap 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 firm's 50 day moving average price is $94.15 and its 200-day moving average price is $76.56.

ProShares UltraPro QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Wednesday, September 24th were issued a $0.0978 dividend. The ex-dividend date of this dividend was Wednesday, September 24th. This represents a $0.39 dividend on an annualized basis and a dividend 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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