4,770,498 Shares in ProShares UltraPro QQQ $TQQQ Acquired by Kingstone Capital Partners Texas LLC

Key Points

• Kingstone Capital Partners Texas LLC made a significant investment of approximately $395.95 million in ProShares UltraPro QQQ, acquiring 4,770,498 shares, which represents about 1.48% stake in the fund.
• ProShares UltraPro QQQ recently increased its quarterly dividend to $0.2183 per share, up from the previous $0.20, resulting in an annualized yield of 0.9%.
• The ETF aims for daily performance that corresponds to 300% of the daily returns of the NASDAQ-100 Index, with a current market capitalization of approximately $31.12 billion.

Kingstone Capital Partners Texas LLC acquired a new stake in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 4,770,498 shares of the exchange traded fund's stock, valued at approximately $395,951,000. Kingstone Capital Partners Texas LLC owned about 1.48% of ProShares UltraPro QQQ at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of TQQQ. Jump Financial LLC bought a new position in shares of ProShares UltraPro QQQ during the 1st quarter valued at about $53,458,000. Goldman Sachs Group Inc. increased 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 purchasing an additional 508,444 shares during the last quarter. Oriental Harbor Investment Fund increased its position in shares of ProShares UltraPro QQQ by 47.3% during the 1st quarter. Oriental Harbor Investment Fund now owns 1,515,410 shares of the exchange traded fund's stock valued at $86,488,000 after purchasing an additional 486,506 shares during the last quarter. TB Alternative Assets Ltd. bought a new position in shares of ProShares UltraPro QQQ during the 1st quarter valued at about $26,495,000. Finally, WT Asset Management Ltd bought a new position in shares of ProShares UltraPro QQQ during the 1st quarter valued at about $21,201,000.

ProShares UltraPro QQQ Stock Down 0.6%

Shares of ProShares UltraPro QQQ stock traded down $0.62 during trading on Tuesday, hitting $104.10. 22,974,204 shares of the stock traded hands, compared to its average volume of 78,853,711. The stock has a market cap of $32.08 billion, a price-to-earnings ratio of 38.25 and a beta of 3.45. The firm's fifty day moving average is $91.28 and its 200-day moving average is $74.00. ProShares UltraPro QQQ has a 52 week low of $35.00 and a 52 week high of $105.08.

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.