PPSC Investment Service Corp Has $49.85 Million Holdings in ProShares UltraPro QQQ $TQQQ

Key Points

• PPSC Investment Service Corp increased its holdings in ProShares UltraPro QQQ (TQQQ) by 15.7% in the second quarter, now owning approximately $49.85 million worth and representing about 4.7% of its investment portfolio.
• ProShares UltraPro QQQ has shown a 3.4% increase in trading, with a market capitalization of $28.68 billion and a current price of $108.88.
• The ETF recently cut its quarterly dividend to $0.0978, resulting in an annual yield of 0.4% for investors of record.

PPSC Investment Service Corp raised its holdings in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 15.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 600,630 shares of the exchange traded fund's stock after purchasing an additional 81,285 shares during the quarter. ProShares UltraPro QQQ makes up about 4.7% of PPSC Investment Service Corp's investment portfolio, making the stock its 5th largest position. PPSC Investment Service Corp owned approximately 0.19% of ProShares UltraPro QQQ worth $49,852,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. HBW Advisory Services LLC increased its holdings in ProShares UltraPro QQQ by 3.2% in the second quarter. HBW Advisory Services LLC now owns 4,542 shares of the exchange traded fund's stock valued at $377,000 after purchasing an additional 139 shares during the last quarter. Kovitz Investment Group Partners LLC increased its holdings in ProShares UltraPro QQQ by 2.9% in the first quarter. Kovitz Investment Group Partners LLC now owns 5,691 shares of the exchange traded fund's stock valued at $326,000 after purchasing an additional 158 shares during the last quarter. Physician Wealth Advisors Inc. increased its holdings in ProShares UltraPro QQQ by 2.5% in the second quarter. Physician Wealth Advisors Inc. now owns 7,984 shares of the exchange traded fund's stock valued at $663,000 after purchasing an additional 198 shares during the last quarter. Family Capital Management Inc. increased its holdings in ProShares UltraPro QQQ by 5.0% in the first quarter. Family Capital Management Inc. now owns 4,428 shares of the exchange traded fund's stock valued at $254,000 after purchasing an additional 210 shares during the last quarter. Finally, Edgestream Partners L.P. increased its holdings in ProShares UltraPro QQQ by 1.1% in the first quarter. Edgestream Partners L.P. now owns 26,419 shares of the exchange traded fund's stock valued at $1,514,000 after purchasing an additional 285 shares during the last quarter.

ProShares UltraPro QQQ Trading Up 3.4%

NASDAQ TQQQ opened at $108.88 on Thursday. The stock has a 50-day simple moving average of $95.20 and a 200 day simple moving average of $77.39. The company has a market capitalization of $28.68 billion, a PE ratio of 38.25 and a beta of 3.45. ProShares UltraPro QQQ has a 12 month low of $35.00 and a 12 month high of $109.05.

ProShares UltraPro QQQ Cuts Dividend

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

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.

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