Vontobel Holding Ltd. Sells 5,585 Shares of ProShares UltraPro QQQ $TQQQ

Key Points

• Vontobel Holding Ltd. reduced its holdings in ProShares UltraPro QQQ by 26.7%, selling 5,585 shares in the second quarter, now holding a total of 15,306 shares valued at approximately $1,270,000.
• Other hedge funds, including HBW Advisory Services and Kovitz Investment Group, have made incremental purchases in ProShares UltraPro QQQ during the same period, indicating varied investor sentiment.
• ProShares UltraPro QQQ has a market capitalization of $25.71 billion, and the stock recently opened at $97.07, reflecting significant gains from its fifty-two week low of $35.00.

Vontobel Holding Ltd. cut its holdings in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 26.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,306 shares of the exchange traded fund's stock after selling 5,585 shares during the period. Vontobel Holding Ltd.'s holdings in ProShares UltraPro QQQ were worth $1,270,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. HBW Advisory Services LLC boosted its holdings in ProShares UltraPro QQQ by 3.2% in the 2nd quarter. HBW Advisory Services LLC now owns 4,542 shares of the exchange traded fund's stock valued at $377,000 after purchasing an additional 139 shares during the period. Kovitz Investment Group Partners LLC raised its position in shares of ProShares UltraPro QQQ by 2.9% in the first quarter. Kovitz Investment Group Partners LLC now owns 5,691 shares of the exchange traded fund's stock valued at $326,000 after buying an additional 158 shares in the last quarter. Physician Wealth Advisors Inc. raised its position in shares of ProShares UltraPro QQQ by 2.5% in the second quarter. Physician Wealth Advisors Inc. now owns 7,984 shares of the exchange traded fund's stock valued at $663,000 after buying an additional 198 shares in the last quarter. Family Capital Management Inc. boosted its stake in shares of ProShares UltraPro QQQ by 5.0% in the first quarter. Family Capital Management Inc. now owns 4,428 shares of the exchange traded fund's stock valued at $254,000 after buying an additional 210 shares during the period. Finally, Edgestream Partners L.P. grew its position in ProShares UltraPro QQQ by 1.1% during the first quarter. Edgestream Partners L.P. now owns 26,419 shares of the exchange traded fund's stock worth $1,514,000 after buying an additional 285 shares in the last quarter.

ProShares UltraPro QQQ Price Performance

Shares of NASDAQ TQQQ opened at $97.07 on Monday. The business has a fifty day moving average price of $95.88 and a two-hundred day moving average price of $78.10. The stock has a market capitalization of $25.71 billion, a PE ratio of 38.25 and a beta of 3.45. ProShares UltraPro QQQ has a fifty-two week low of $35.00 and a fifty-two week high of $109.66.

ProShares UltraPro QQQ Cuts Dividend

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

About ProShares UltraPro QQQ

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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