ProShares UltraPro QQQ $TQQQ Stock Holdings Lifted by Main Street Group LTD

Key Points

• Main Street Group LTD has increased its holdings in ProShares UltraPro QQQ (TQQQ) by 21.0%, now owning 59,868 shares valued at approximately $4.97 million.
• The recent trading value of ProShares UltraPro QQQ is $102.61, with a market cap of $31.62 billion and a twelve-month high of $105.08.
• ProShares UltraPro QQQ declared a quarterly dividend of $0.0978 per share, with a yield of 0.4%, which will be paid on September 30th.

Main Street Group LTD increased its holdings in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 21.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,868 shares of the exchange traded fund's stock after buying an additional 10,381 shares during the quarter. ProShares UltraPro QQQ accounts for about 1.6% of Main Street Group LTD's portfolio, making the stock its 10th largest position. Main Street Group LTD's holdings in ProShares UltraPro QQQ were worth $4,969,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. MRP Capital Investments LLC purchased a new stake in shares of ProShares UltraPro QQQ during the first quarter worth about $29,000. Columbia River Financial Group LLC purchased a new stake in shares of ProShares UltraPro QQQ during the first quarter worth about $47,000. Cranbrook Wealth Management LLC purchased a new stake in ProShares UltraPro QQQ during the 2nd quarter worth approximately $87,000. Wolff Wiese Magana LLC purchased a new stake in ProShares UltraPro QQQ during the 1st quarter worth approximately $94,000. Finally, Beacon Capital Management LLC grew its position in ProShares UltraPro QQQ by 32.8% during the 1st quarter. Beacon Capital Management LLC now owns 1,823 shares of the exchange traded fund's stock worth $104,000 after purchasing an additional 450 shares during the last quarter.

ProShares UltraPro QQQ Trading Down 2.0%

NASDAQ:TQQQ opened at $102.61 on Wednesday. The company has a market cap of $31.62 billion, a PE ratio of 38.25 and a beta of 3.45. ProShares UltraPro QQQ has a twelve month low of $35.00 and a twelve month high of $105.08. The company's 50 day moving average is $91.64 and its two-hundred day moving average is $74.20.

ProShares UltraPro QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Wednesday, September 24th will be paid a dividend of $0.0978 per share. This represents a $0.39 annualized dividend and a yield of 0.4%. The ex-dividend date is 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.

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