ProShares UltraPro QQQ $TQQQ Shares Acquired by NorthRock Partners LLC

Key Points

• NorthRock Partners LLC increased its holdings in ProShares UltraPro QQQ by 84.2%, acquiring a total of 16,500 shares valued at $1,373,000 during the second quarter.
• Other institutional investors such as Wealth Enhancement Advisory Services LLC and Prosperity Wealth Management Inc. have also significantly boosted their stakes in ProShares UltraPro QQQ during the first quarter.
• The ProShares UltraPro QQQ ETF recently declared a quarterly dividend of $0.0978 per share, representing an annual yield of 0.4%.

NorthRock Partners LLC lifted its position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 84.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,500 shares of the exchange traded fund's stock after purchasing an additional 7,541 shares during the period. NorthRock Partners LLC's holdings in ProShares UltraPro QQQ were worth $1,373,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in TQQQ. Wealth Enhancement Advisory Services LLC lifted its position in shares of ProShares UltraPro QQQ by 24.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 67,691 shares of the exchange traded fund's stock worth $3,879,000 after purchasing an additional 13,452 shares in the last quarter. Sowell Financial Services LLC raised its holdings in ProShares UltraPro QQQ by 8.2% in the first quarter. Sowell Financial Services LLC now owns 20,167 shares of the exchange traded fund's stock valued at $1,156,000 after acquiring an additional 1,529 shares in the last quarter. Variant Private Wealth LLC raised its holdings in ProShares UltraPro QQQ by 36.9% in the first quarter. Variant Private Wealth LLC now owns 35,136 shares of the exchange traded fund's stock valued at $2,013,000 after acquiring an additional 9,463 shares in the last quarter. Prosperity Wealth Management Inc. raised its holdings in ProShares UltraPro QQQ by 2,182.2% in the first quarter. Prosperity Wealth Management Inc. now owns 62,601 shares of the exchange traded fund's stock valued at $3,587,000 after acquiring an additional 59,858 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC raised its holdings in ProShares UltraPro QQQ by 6.9% in the first quarter. Kingswood Wealth Advisors LLC now owns 14,492 shares of the exchange traded fund's stock valued at $830,000 after acquiring an additional 936 shares in the last quarter.

ProShares UltraPro QQQ Price Performance

TQQQ opened at $103.23 on Tuesday. The stock has a market capitalization of $27.35 billion, a PE ratio of 38.25 and a beta of 3.45. The firm's fifty day moving average price is $96.20 and its 200 day moving average price is $78.42. ProShares UltraPro QQQ has a 12-month low of $35.00 and a 12-month high of $109.66.

ProShares UltraPro QQQ Cuts Dividend

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

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.

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