Variant Private Wealth LLC Has $2.01 Million Holdings in ProShares UltraPro QQQ (NASDAQ:TQQQ)

Variant Private Wealth LLC grew its stake in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 36.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,136 shares of the exchange traded fund's stock after buying an additional 9,463 shares during the quarter. ProShares UltraPro QQQ accounts for about 2.2% of Variant Private Wealth LLC's investment portfolio, making the stock its 19th biggest holding. Variant Private Wealth LLC's holdings in ProShares UltraPro QQQ were worth $2,013,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in TQQQ. Cary Street Partners Financial LLC bought a new stake in shares of ProShares UltraPro QQQ in the fourth quarter worth $47,000. Clear Investment Research LLC lifted its position in shares of ProShares UltraPro QQQ by 83.3% in the fourth quarter. Clear Investment Research LLC now owns 1,054 shares of the exchange traded fund's stock worth $83,000 after purchasing an additional 479 shares in the last quarter. Beacon Capital Management LLC bought a new stake in shares of ProShares UltraPro QQQ in the fourth quarter worth $109,000. Menard Financial Group LLC bought a new stake in shares of ProShares UltraPro QQQ in the fourth quarter worth $146,000. Finally, Sepio Capital LP bought a new stake in ProShares UltraPro QQQ during the fourth quarter worth $201,000.

ProShares UltraPro QQQ Trading Down 3.8%

NASDAQ TQQQ opened at $72.83 on Monday. The firm's fifty day moving average price is $61.28 and its two-hundred day moving average price is $71.39. ProShares UltraPro QQQ has a 1 year low of $35.00 and a 1 year high of $93.79. The firm has a market capitalization of $28.20 billion, a P/E ratio of 38.25 and a beta of 3.45.

ProShares UltraPro QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 26th were given a dividend of $0.1977 per share. This represents a $0.79 annualized dividend and a yield of 1.09%. The ex-dividend date was Wednesday, March 26th.

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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