ProShares UltraPro QQQ $TQQQ Shares Acquired by MFG Wealth Management Inc.

Key Points

• MFG Wealth Management increased its stake in ProShares UltraPro QQQ by 98.3% in Q4 to 67,453 shares worth $3,556,000, making it 2.8% of the firm's portfolio and its sixth-largest holding.
• ProShares UltraPro QQQ raised its quarterly dividend to $0.0855 (annualized $0.34) from $0.05, implying a 0.8% yield; the dividend was paid Dec. 31 with an ex-dividend date of Dec. 24.
• TQQQ is a triple‑leveraged ETF targeting 300% of the Nasdaq‑100’s daily return; its shares opened at $43 (down 5.9%) and trade in a 12‑month range of $17.50–$60.69.

MFG Wealth Management Inc. increased its position in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 98.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 67,453 shares of the exchange traded fund's stock after purchasing an additional 33,442 shares during the quarter. ProShares UltraPro QQQ makes up 2.8% of MFG Wealth Management Inc.'s portfolio, making the stock its 6th largest holding. MFG Wealth Management Inc.'s holdings in ProShares UltraPro QQQ were worth $3,556,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. WFA of San Diego LLC acquired a new position in shares of ProShares UltraPro QQQ in the 2nd quarter valued at $25,000. N.E.W. Advisory Services LLC bought a new position in shares of ProShares UltraPro QQQ during the 2nd quarter worth about $30,000. BOKF NA acquired a new stake in shares of ProShares UltraPro QQQ during the 3rd quarter valued at about $31,000. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of ProShares UltraPro QQQ during the 2nd quarter valued at about $42,000. Finally, Halbert Hargrove Global Advisors LLC bought a new stake in ProShares UltraPro QQQ in the third quarter valued at about $44,000.

ProShares UltraPro QQQ Stock Down 5.9%

NASDAQ:TQQQ opened at $43.00 on Friday. The firm has a market capitalization of $23.08 billion, a PE ratio of 38.25 and a beta of 3.46. ProShares UltraPro QQQ has a 12-month low of $17.50 and a 12-month high of $60.69. The firm has a 50-day moving average price of $50.73 and a 200 day moving average price of $52.01.

ProShares UltraPro QQQ Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 24th were issued a $0.0855 dividend. This represents a $0.34 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Wednesday, December 24th. This is a boost from ProShares UltraPro QQQ's previous quarterly dividend of $0.05.

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

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