Oriental Harbor Investment Fund Reduces Stake in ProShares UltraPro QQQ $TQQQ

Key Points

• Oriental Harbor Investment Fund has reduced its stake in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 16.8%, now holding approximately 1,260,440 shares after selling 254,970 shares in the second quarter.
• As of the latest SEC filing, ProShares UltraPro QQQ represents around 6.5% of the fund’s investment portfolio, valued at approximately $104.5 million.
• The ETF has a 52-week high of $106.84 and recently declared a quarterly dividend of $0.0978 per share, yielding around 0.4%.

Oriental Harbor Investment Fund cut its stake in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 16.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,260,440 shares of the exchange traded fund's stock after selling 254,970 shares during the quarter. ProShares UltraPro QQQ makes up approximately 6.5% of Oriental Harbor Investment Fund's investment portfolio, making the stock its 5th largest holding. Oriental Harbor Investment Fund owned approximately 0.39% of ProShares UltraPro QQQ worth $104,531,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. MRP Capital Investments LLC bought a new position in shares of ProShares UltraPro QQQ in the first quarter valued at about $29,000. Columbia River Financial Group LLC bought a new position in ProShares UltraPro QQQ during the first quarter worth about $47,000. Dogwood Wealth Management LLC increased its position in 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 worth $83,000 after acquiring an additional 752 shares during the period. Cranbrook Wealth Management LLC bought a new position in ProShares UltraPro QQQ during the second quarter worth about $87,000. Finally, Wolff Wiese Magana LLC bought a new position in ProShares UltraPro QQQ during the first quarter worth about $94,000.

ProShares UltraPro QQQ Stock Performance

NASDAQ:TQQQ opened at $106.14 on Friday. ProShares UltraPro QQQ has a 52 week low of $35.00 and a 52 week high of $106.84. The firm has a market cap of $28.39 billion, a price-to-earnings ratio of 38.25 and a beta of 3.45. The firm's 50-day simple moving average is $93.83 and its 200 day simple moving average is $76.15.

ProShares UltraPro QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Wednesday, September 24th were given a dividend of $0.0978 per share. This represents a $0.39 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Wednesday, September 24th.

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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