ProShares UltraPro QQQ (NASDAQ:TQQQ) Stake Raised by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC boosted its holdings in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 114.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,375 shares of the exchange traded fund's stock after acquiring an additional 14,076 shares during the quarter. Axxcess Wealth Management LLC's holdings in ProShares UltraPro QQQ were worth $1,511,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TQQQ. TB Alternative Assets Ltd. purchased a new position in ProShares UltraPro QQQ in the 1st quarter worth about $26,495,000. WT Asset Management Ltd purchased a new position in ProShares UltraPro QQQ in the 1st quarter worth about $21,201,000. Avidian Wealth Enterprises LLC increased its stake in ProShares UltraPro QQQ by 103.9% in the 1st quarter. Avidian Wealth Enterprises LLC now owns 366,450 shares of the exchange traded fund's stock worth $20,998,000 after purchasing an additional 186,716 shares in the last quarter. Paragon Advisors LLC increased its stake in ProShares UltraPro QQQ by 81.2% in the 1st quarter. Paragon Advisors LLC now owns 323,011 shares of the exchange traded fund's stock worth $18,509,000 after purchasing an additional 144,755 shares in the last quarter. Finally, Finward Bancorp purchased a new position in ProShares UltraPro QQQ in the 4th quarter worth about $8,775,000.

ProShares UltraPro QQQ Trading Down 0.5%

Shares of TQQQ opened at $84.36 on Friday. The business's 50-day moving average price is $72.83 and its 200 day moving average price is $70.78. The stock has a market capitalization of $27.52 billion, a P/E ratio of 38.25 and a beta of 3.45. ProShares UltraPro QQQ has a 1-year low of $35.00 and a 1-year high of $93.79.

ProShares UltraPro QQQ Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Wednesday, June 25th were paid a $0.2183 dividend. The ex-dividend date of this dividend was Wednesday, June 25th. This represents a $0.87 dividend on an annualized basis and a yield of 1.04%. This is a boost from ProShares UltraPro QQQ's previous quarterly dividend of $0.20.

About ProShares UltraPro QQQ

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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