Triton Wealth Management PLLC Purchases New Stake in ProShares UltraPro QQQ $TQQQ

Key Points

• Triton Wealth Management PLLC has acquired a new position in ProShares UltraPro QQQ (NASDAQ:TQQQ), purchasing 11,770 shares valued at approximately $1,041,000.
• Other institutional investors, such as Jump Financial LLC and SBI Securities Co. Ltd., have also made significant acquisitions or increased their holdings in ProShares UltraPro QQQ during the first quarter.
• ProShares UltraPro QQQ recently declared a quarterly dividend of $0.0978 per share, which reflects an annualized yield of 0.4%.

Triton Wealth Management PLLC acquired a new position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 11,770 shares of the exchange traded fund's stock, valued at approximately $1,041,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jump Financial LLC acquired a new position in ProShares UltraPro QQQ during the first quarter worth $53,458,000. Cutler Investment Counsel LLC acquired a new position in ProShares UltraPro QQQ during the first quarter worth $202,000. SBI Securities Co. Ltd. raised its holdings in ProShares UltraPro QQQ by 24.0% during the first quarter. SBI Securities Co. Ltd. now owns 156,260 shares of the exchange traded fund's stock worth $8,954,000 after purchasing an additional 30,266 shares during the last quarter. KG&L Capital Management LLC acquired a new position in ProShares UltraPro QQQ during the first quarter worth $1,081,000. Finally, Avidian Wealth Enterprises LLC raised its holdings in ProShares UltraPro QQQ by 103.9% during the first quarter. Avidian Wealth Enterprises LLC now owns 366,450 shares of the exchange traded fund's stock worth $20,998,000 after purchasing an additional 186,716 shares during the last quarter.

ProShares UltraPro QQQ Stock Performance

Shares of TQQQ stock opened at $101.13 on Wednesday. The stock has a fifty day moving average price of $96.51 and a 200 day moving average price of $78.58. The stock has a market cap of $27.08 billion, a PE ratio of 38.25 and a beta of 3.45. ProShares UltraPro QQQ has a 1 year low of $35.00 and a 1 year high of $109.66.

ProShares UltraPro QQQ Cuts Dividend

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