Segment Wealth Management LLC Raises Holdings in ProShares UltraPro QQQ $TQQQ

Key Points

• Segment Wealth Management LLC increased its holdings in ProShares UltraPro QQQ by 34.4%, acquiring a total of approximately 9,996 shares valued at $830,000 by the end of the second quarter.
• Multiple large investors, including Dogwood Wealth Management LLC and Greenhouse Wealth Management LLC, have also recently bought significant stakes in ProShares UltraPro QQQ.
• The fund experienced a 1.4% decline in share price, with its current trading value around $104.70 and a market cap of $28.00 billion.

Segment Wealth Management LLC lifted its holdings in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 34.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,996 shares of the exchange traded fund's stock after buying an additional 2,560 shares during the period. Segment Wealth Management LLC's holdings in ProShares UltraPro QQQ were worth $830,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Keystone Financial Group Inc. purchased a new position in shares of ProShares UltraPro QQQ during the 2nd quarter worth approximately $48,000. Ameritas Advisory Services LLC purchased a new position in shares of ProShares UltraPro QQQ during the 2nd quarter worth approximately $25,000. NRI Wealth Management LC purchased a new position in shares of ProShares UltraPro QQQ during the 2nd quarter worth approximately $252,000. Dogwood Wealth Management LLC raised its stake in shares of ProShares UltraPro QQQ by 302.0% during the 2nd quarter. Dogwood Wealth Management LLC now owns 1,001 shares of the exchange traded fund's stock worth $83,000 after buying an additional 752 shares in the last quarter. Finally, Greenhouse Wealth Management LLC purchased a new position in shares of ProShares UltraPro QQQ during the 2nd quarter worth approximately $1,265,000.

ProShares UltraPro QQQ Trading Down 1.4%

Shares of TQQQ stock opened at $104.70 on Friday. The company has a market cap of $28.00 billion, a price-to-earnings ratio of 38.25 and a beta of 3.45. The stock has a 50 day simple moving average of $94.15 and a 200-day simple moving average of $76.56. ProShares UltraPro QQQ has a 12-month low of $35.00 and a 12-month high of $106.87.

ProShares UltraPro QQQ Cuts Dividend

The company 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 was Wednesday, September 24th. This represents a $0.39 dividend on an annualized basis and a dividend yield of 0.4%.

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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