NRI Wealth Management LC Invests $252,000 in ProShares UltraPro QQQ $TQQQ

Key Points

• NRI Wealth Management LC invested $252,000 in ProShares UltraPro QQQ ($TQQQ), purchasing 3,041 shares, making it the firm's 25th largest holding.
• ProShares UltraPro QQQ has a market cap of $32.32 billion and recently traded with a 12-month high of $105.14 and a low of $35.00.
• The fund announced a quarterly dividend of $0.0978 per share, representing an annualized yield of 0.4%.

NRI Wealth Management LC bought 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 and Exchange Commission. The institutional investor bought 3,041 shares of the exchange traded fund's stock, valued at approximately $252,000. ProShares UltraPro QQQ comprises approximately 0.2% of NRI Wealth Management LC's portfolio, making the stock its 25th biggest holding.

A number of other institutional investors and hedge funds have also recently modified their holdings of TQQQ. MRP Capital Investments LLC purchased a new stake in ProShares UltraPro QQQ during the first quarter valued at $29,000. Columbia River Financial Group LLC bought a new stake in shares of ProShares UltraPro QQQ in the 1st quarter worth about $47,000. Dogwood Wealth Management LLC increased its holdings in shares of ProShares UltraPro QQQ by 302.0% in the 2nd quarter. Dogwood Wealth Management LLC now owns 1,001 shares of the exchange traded fund's stock worth $83,000 after buying an additional 752 shares during the last quarter. Cranbrook Wealth Management LLC purchased a new stake in shares of ProShares UltraPro QQQ during the 2nd quarter valued at about $87,000. Finally, Wolff Wiese Magana LLC bought a new position in shares of ProShares UltraPro QQQ in the 1st quarter valued at about $94,000.

ProShares UltraPro QQQ Trading Up 1.4%

TQQQ opened at $104.86 on Thursday. ProShares UltraPro QQQ has a 12 month low of $35.00 and a 12 month high of $105.14. The stock has a 50-day moving average of $93.48 and a 200 day moving average of $75.85. The firm has a market cap of $32.32 billion, a P/E ratio of 38.25 and a beta of 3.45.

ProShares UltraPro QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders 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 annualized dividend 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.

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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