TrueMark Investments LLC Takes Position in ProShares UltraPro QQQ $TQQQ

Key Points

• TrueMark Investments LLC acquired a new stake in ProShares UltraPro QQQ (NASDAQ:TQQQ) during Q2, purchasing 16,373 shares valued at approximately $1.36 million.
• Other institutional investors have also increased their holdings in ProShares UltraPro QQQ, with Jump Financial LLC investing about $53.5 million in the first quarter.
• ProShares UltraPro QQQ recently announced a quarterly dividend of $0.0978 per share, resulting in an annualized dividend yield of 0.4%.

TrueMark Investments LLC purchased a new stake in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 16,373 shares of the exchange traded fund's stock, valued at approximately $1,359,000.

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

ProShares UltraPro QQQ Price Performance

Shares of ProShares UltraPro QQQ stock opened at $103.99 on Friday. ProShares UltraPro QQQ has a one year low of $35.00 and a one year high of $109.66. The firm has a market cap of $28.38 billion, a price-to-earnings ratio of 38.25 and a beta of 3.45. The stock's 50-day moving average is $97.28 and its 200-day moving average is $79.50.

ProShares UltraPro QQQ Cuts Dividend

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

ProShares UltraPro QQQ 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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