ProShares UltraPro QQQ $TQQQ Position Increased by Spire Wealth Management

Key Points

• Spire Wealth Management boosted its stake in ProShares UltraPro QQQ (TQQQ) by 4,456% in Q4, adding 28,028 shares to hold 28,657 shares worth about $1.51 million.
• Several large institutions also sharply increased TQQQ positions — notably Cantor Fitzgerald (now ~779,017 shares, ~$80.6M), Citigroup (~601,603 shares, ~$62.2M) and Goldman Sachs (~520,444 shares, ~$29.8M).
• TQQQ opened at $37.89 (down 2.3%), trading in a one‑year range of $17.50–$60.69 with a market cap of ~$20.34B and beta 3.46; the ETF declared a quarterly dividend of $0.0716 ($0.29 annualized, 0.8% yield, ex‑dividend Mar 25), and it seeks daily results equal to 3x the NASDAQ‑100 using derivatives.

Spire Wealth Management boosted its holdings in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 4,456.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 28,657 shares of the exchange traded fund's stock after buying an additional 28,028 shares during the quarter. Spire Wealth Management's holdings in ProShares UltraPro QQQ were worth $1,511,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of TQQQ. Cantor Fitzgerald L. P. grew its holdings in shares of ProShares UltraPro QQQ by 823.5% in the 3rd quarter. Cantor Fitzgerald L. P. now owns 779,017 shares of the exchange traded fund's stock worth $80,550,000 after acquiring an additional 694,661 shares during the last quarter. McElhenny Sheffield Capital Management LLC increased its stake in ProShares UltraPro QQQ by 4.8% in the 3rd quarter. McElhenny Sheffield Capital Management LLC now owns 682,781 shares of the exchange traded fund's stock worth $70,600,000 after purchasing an additional 31,361 shares in the last quarter. Citigroup Inc. raised its holdings in ProShares UltraPro QQQ by 3,108.0% during the 3rd quarter. Citigroup Inc. now owns 601,603 shares of the exchange traded fund's stock worth $62,206,000 after buying an additional 621,603 shares during the period. Goldman Sachs Group Inc. raised its holdings in ProShares UltraPro QQQ by 4,237.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 520,444 shares of the exchange traded fund's stock worth $29,821,000 after buying an additional 508,444 shares during the period. Finally, Flow Traders U.S. LLC raised its holdings in ProShares UltraPro QQQ by 49.7% during the 2nd quarter. Flow Traders U.S. LLC now owns 296,913 shares of the exchange traded fund's stock worth $24,644,000 after buying an additional 98,613 shares during the period.

ProShares UltraPro QQQ Trading Down 2.3%

TQQQ stock opened at $37.89 on Tuesday. ProShares UltraPro QQQ has a one year low of $17.50 and a one year high of $60.69. The firm has a 50-day moving average of $49.18 and a two-hundred day moving average of $51.91. The firm has a market capitalization of $20.34 billion, a PE ratio of 38.25 and a beta of 3.46.

ProShares UltraPro QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Wednesday, March 25th will be given a $0.0716 dividend. This represents a $0.29 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Wednesday, March 25th.

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. ProShare Advisors LLC (ProShare Advisors) provides the investment advisory and management services for the Fund.

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