Innova Wealth Partners Sells 3,607 Shares of ProShares UltraPro QQQ $TQQQ

Key Points

• Innova Wealth Partners reduced its stake in ProShares UltraPro QQQ by 41%, selling 3,607 shares, and now holds 5,180 shares valued at $430,000.
• Several other institutional investors have increased their holdings in ProShares UltraPro QQQ, with Axxcess Wealth Management raising its stake by 216.3% during the same period.
• ProShares UltraPro QQQ recently announced a quarterly dividend of $0.0978 per share, representing an annualized yield of 0.4%.

Innova Wealth Partners lowered its holdings in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 41.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,180 shares of the exchange traded fund's stock after selling 3,607 shares during the quarter. Innova Wealth Partners' holdings in ProShares UltraPro QQQ were worth $430,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Axxcess Wealth Management LLC raised its holdings in shares of ProShares UltraPro QQQ by 216.3% during the 2nd quarter. Axxcess Wealth Management LLC now owns 83,415 shares of the exchange traded fund's stock valued at $6,923,000 after purchasing an additional 57,040 shares in the last quarter. NorthRock Partners LLC raised its holdings in ProShares UltraPro QQQ by 84.2% during the second quarter. NorthRock Partners LLC now owns 16,500 shares of the exchange traded fund's stock valued at $1,373,000 after buying an additional 7,541 shares in the last quarter. Sovereign Financial Group Inc. raised its stake in shares of ProShares UltraPro QQQ by 15.1% in the 2nd quarter. Sovereign Financial Group Inc. now owns 6,235 shares of the exchange traded fund's stock valued at $518,000 after acquiring an additional 817 shares in the last quarter. SLT Holdings LLC acquired a new stake in ProShares UltraPro QQQ in the 2nd quarter worth approximately $5,188,000. Finally, WMG Financial Advisors LLC lifted its holdings in ProShares UltraPro QQQ by 5.3% in the 2nd quarter. WMG Financial Advisors LLC now owns 5,105 shares of the exchange traded fund's stock worth $424,000 after purchasing an additional 257 shares during the last quarter.

ProShares UltraPro QQQ Stock Performance

TQQQ opened at $103.23 on Tuesday. ProShares UltraPro QQQ has a twelve month low of $35.00 and a twelve month high of $109.66. The firm has a market cap of $27.35 billion, a P/E ratio of 38.25 and a beta of 3.45. The business has a 50 day moving average price of $96.20 and a 200 day moving average price of $78.42.

ProShares UltraPro QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Wednesday, September 24th were given a dividend of $0.0978 per share. The ex-dividend date of this dividend 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.

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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