Kingswood Wealth Advisors LLC Has $1.54 Million Stock Position in ProShares UltraPro QQQ $TQQQ

Key Points

• Kingswood Wealth Advisors LLC increased its holdings in ProShares UltraPro QQQ by 27.7%, now owning 18,509 shares valued at $1.54 million.
• ProShares UltraPro QQQ has a market cap of $28.17 billion and a P/E ratio of 38.25, with stock prices ranging from a 52-week low of $35.00 to a high of $108.06.
• The firm recently announced a quarterly dividend of $0.0978 per share, which reflects an annualized yield of 0.4%.

Kingswood Wealth Advisors LLC boosted its holdings in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 27.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,509 shares of the exchange traded fund's stock after buying an additional 4,017 shares during the period. Kingswood Wealth Advisors LLC's holdings in ProShares UltraPro QQQ were worth $1,536,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently bought and sold shares of the company. HBW Advisory Services LLC increased its position in ProShares UltraPro QQQ by 3.2% in the 2nd quarter. HBW Advisory Services LLC now owns 4,542 shares of the exchange traded fund's stock worth $377,000 after purchasing an additional 139 shares during the last quarter. Kovitz Investment Group Partners LLC increased its position in ProShares UltraPro QQQ by 2.9% in the 1st quarter. Kovitz Investment Group Partners LLC now owns 5,691 shares of the exchange traded fund's stock worth $326,000 after purchasing an additional 158 shares during the last quarter. Physician Wealth Advisors Inc. increased its position in ProShares UltraPro QQQ by 2.5% in the 2nd quarter. Physician Wealth Advisors Inc. now owns 7,984 shares of the exchange traded fund's stock worth $663,000 after purchasing an additional 198 shares during the last quarter. Family Capital Management Inc. increased its position in ProShares UltraPro QQQ by 5.0% in the 1st quarter. Family Capital Management Inc. now owns 4,428 shares of the exchange traded fund's stock worth $254,000 after purchasing an additional 210 shares during the last quarter. Finally, Edgestream Partners L.P. increased its position in ProShares UltraPro QQQ by 1.1% in the 1st quarter. Edgestream Partners L.P. now owns 26,419 shares of the exchange traded fund's stock worth $1,514,000 after purchasing an additional 285 shares during the last quarter.

ProShares UltraPro QQQ Price Performance

Shares of TQQQ stock opened at $105.31 on Wednesday. ProShares UltraPro QQQ has a fifty-two week low of $35.00 and a fifty-two week high of $108.06. The stock's 50-day moving average is $94.81 and its two-hundred day moving average is $77.17. The firm has a market cap of $28.17 billion, a P/E ratio of 38.25 and a beta of 3.45.

ProShares UltraPro QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders 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 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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