Variant Private Wealth LLC Has $231,000 Holdings in ProShares UltraPro QQQ $TQQQ

Key Points

• Variant Private Wealth LLC significantly reduced its holdings in ProShares UltraPro QQQ (TQQQ) by 92.1%, now owning only 2,778 shares valued at approximately $231,000.
• Other hedge funds have also been active, with notable new positions taken by Ameritas Advisory Services and Dogwood Wealth Management, the latter increasing its stake by 302.0%.
• The firm recently cut its dividend, with shareholders receiving a quarterly payment of $0.0978 on September 30th, representing an annualized yield of 0.4%.

Variant Private Wealth LLC cut its stake in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 92.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,778 shares of the exchange traded fund's stock after selling 32,358 shares during the period. Variant Private Wealth LLC's holdings in ProShares UltraPro QQQ were worth $231,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of TQQQ. Ameritas Advisory Services LLC bought a new position in ProShares UltraPro QQQ in the 2nd quarter worth approximately $25,000. MRP Capital Investments LLC bought a new position in ProShares UltraPro QQQ in the 1st quarter valued at $29,000. Columbia River Financial Group LLC acquired a new stake in shares of ProShares UltraPro QQQ in the 1st quarter valued at $47,000. Keystone Financial Group Inc. acquired a new stake in shares of ProShares UltraPro QQQ in the 2nd quarter valued at $48,000. Finally, Dogwood Wealth Management LLC raised its position in shares of ProShares UltraPro QQQ by 302.0% during the second quarter. Dogwood Wealth Management LLC now owns 1,001 shares of the exchange traded fund's stock worth $83,000 after acquiring an additional 752 shares during the last quarter.

ProShares UltraPro QQQ Stock Up 2.0%

Shares of TQQQ opened at $103.20 on Thursday. The stock's fifty day simple moving average is $96.80 and its 200-day simple moving average is $78.75. The firm has a market capitalization of $27.64 billion, a PE ratio of 38.25 and a beta of 3.45. ProShares UltraPro QQQ has a 12-month low of $35.00 and a 12-month high of $109.66.

ProShares UltraPro QQQ Cuts Dividend

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.