Socha Financial Group LLC Purchases New Shares in ProShares UltraPro QQQ $TQQQ

Key Points

• Socha Financial Group LLC has acquired a new stake in ProShares UltraPro QQQ (TQQQ), purchasing 3,764 shares valued at approximately $312,000. This investment represents 0.1% of their portfolio.
• ProShares UltraPro QQQ has recently disclosed a dividend of $0.0978 per share, resulting in an annualized yield of 0.4% for shareholders.
• The stock value of ProShares UltraPro QQQ increased by 1.9%, with a current market cap of $28.38 billion and a P/E ratio of 38.25.

Socha Financial Group LLC purchased a new stake in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 3,764 shares of the exchange traded fund's stock, valued at approximately $312,000. ProShares UltraPro QQQ makes up 0.1% of Socha Financial Group LLC's portfolio, making the stock its 16th largest holding.

Several other large investors have also added to or reduced their stakes in TQQQ. Ameritas Advisory Services LLC bought a new stake in ProShares UltraPro QQQ in the second quarter valued at $25,000. MRP Capital Investments LLC bought a new stake in ProShares UltraPro QQQ in the first quarter valued at $29,000. Columbia River Financial Group LLC bought a new stake in ProShares UltraPro QQQ in the first quarter valued at $47,000. Keystone Financial Group Inc. bought a new stake in ProShares UltraPro QQQ in the second quarter valued at $48,000. Finally, Dogwood Wealth Management LLC boosted its holdings in ProShares UltraPro QQQ by 302.0% in the second quarter. Dogwood Wealth Management LLC now owns 1,001 shares of the exchange traded fund's stock valued at $83,000 after acquiring an additional 752 shares in the last quarter.

ProShares UltraPro QQQ Stock Up 1.9%

NASDAQ:TQQQ opened at $103.99 on Friday. The stock has a market cap of $28.38 billion, a P/E ratio of 38.25 and a beta of 3.45. The firm's fifty day simple moving average is $97.28 and its 200 day simple moving average is $79.50. ProShares UltraPro QQQ has a twelve month low of $35.00 and a twelve month high of $109.66.

ProShares UltraPro QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Wednesday, September 24th were given a dividend of $0.0978 per share. 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 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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