Significant Wealth Partners LLC Buys 2,935 Shares of ProShares UltraPro QQQ $TQQQ

Key Points

• Significant Wealth Partners LLC increased its holdings in ProShares UltraPro QQQ (TQQQ) by 30.7%, acquiring an additional 2,935 shares during the second quarter, which now accounts for 0.5% of their investment portfolio.
• ProShares UltraPro QQQ recently cut its dividend, announcing a quarterly payout of $0.0978, reflecting an annual yield of 0.4%.
• The stock has shown significant stability, with a 52-week range between $35.00 and $105.08, and a current market capitalization of $31.25 billion.

Significant Wealth Partners LLC increased its position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 30.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,503 shares of the exchange traded fund's stock after buying an additional 2,935 shares during the period. ProShares UltraPro QQQ accounts for approximately 0.5% of Significant Wealth Partners LLC's investment portfolio, making the stock its 12th biggest position. Significant Wealth Partners LLC's holdings in ProShares UltraPro QQQ were worth $1,038,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jump Financial LLC bought a new stake in ProShares UltraPro QQQ in the first quarter valued at approximately $53,458,000. OLD National Bancorp IN increased its holdings in shares of ProShares UltraPro QQQ by 24.6% during the 1st quarter. OLD National Bancorp IN now owns 91,971 shares of the exchange traded fund's stock worth $5,270,000 after acquiring an additional 18,145 shares during the last quarter. Alpha Wealth Funds LLC acquired a new position in shares of ProShares UltraPro QQQ during the 4th quarter worth approximately $1,878,000. Paragon Advisors LLC raised its stake in ProShares UltraPro QQQ by 81.2% in the 1st quarter. Paragon Advisors LLC now owns 323,011 shares of the exchange traded fund's stock valued at $18,509,000 after acquiring an additional 144,755 shares during the period. Finally, Cutler Investment Counsel LLC bought a new stake in ProShares UltraPro QQQ in the 1st quarter valued at $202,000.

ProShares UltraPro QQQ Stock Performance

Shares of TQQQ stock opened at $101.41 on Thursday. The company has a market capitalization of $31.25 billion, a price-to-earnings ratio of 38.25 and a beta of 3.45. The company has a 50-day simple moving average of $91.96 and a 200 day simple moving average of $74.39. ProShares UltraPro QQQ has a 52 week low of $35.00 and a 52 week high of $105.08.

ProShares UltraPro QQQ Cuts Dividend

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

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.

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