ProShares UltraPro QQQ $TQQQ Holdings Cut by Empirical Financial Services LLC d.b.a. Empirical Wealth Management

Key Points

• Empirical Financial Services LLC significantly reduced its holdings in ProShares UltraPro QQQ (TQQQ) by 74.3% during the second quarter, leaving it with 11,010 shares valued at approximately $914,000.
• Several other hedge funds adjusted their stakes in TQQQ, including Kingstone Capital Partners, which acquired a new position valued at about $395.95 million.
• The ProShares UltraPro QQQ recently declared a quarterly dividend of $0.0978 per share, resulting in an annualized dividend yield of 0.4%.

Empirical Financial Services LLC d.b.a. Empirical Wealth Management lowered its holdings in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 74.3% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,010 shares of the exchange traded fund's stock after selling 31,890 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management's holdings in ProShares UltraPro QQQ were worth $914,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in TQQQ. Kingstone Capital Partners Texas LLC acquired a new position in ProShares UltraPro QQQ during the 2nd quarter valued at approximately $395,951,000. Oriental Harbor Investment Fund lifted its stake in ProShares UltraPro QQQ by 47.3% in the first quarter. Oriental Harbor Investment Fund now owns 1,515,410 shares of the exchange traded fund's stock valued at $86,488,000 after buying an additional 486,506 shares during the last quarter. Jump Financial LLC bought a new stake in ProShares UltraPro QQQ in the first quarter valued at $53,458,000. Goldman Sachs Group Inc. lifted its stake in ProShares UltraPro QQQ by 4,237.0% in the first quarter. Goldman Sachs Group Inc. now owns 520,444 shares of the exchange traded fund's stock valued at $29,821,000 after buying an additional 508,444 shares during the last quarter. Finally, PPSC Investment Service Corp lifted its position in ProShares UltraPro QQQ by 16.3% in the 1st quarter. PPSC Investment Service Corp now owns 519,345 shares of the exchange traded fund's stock valued at $29,758,000 after purchasing an additional 72,930 shares during the last quarter.

ProShares UltraPro QQQ Stock Down 1.4%

Shares of NASDAQ:TQQQ opened at $104.70 on Friday. The company has a market cap of $28.00 billion, a PE ratio of 38.25 and a beta of 3.45. The company's 50-day moving average price is $94.15 and its 200 day moving average price is $76.56. ProShares UltraPro QQQ has a fifty-two week low of $35.00 and a fifty-two week high of $106.87.

ProShares UltraPro QQQ Cuts Dividend

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

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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