Wealth Alliance Advisory Group LLC Sells 2,771 Shares of ProShares UltraPro QQQ $TQQQ

Key Points

• Wealth Alliance Advisory Group LLC reduced its holdings in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 30.6% during the second quarter, resulting in ownership of 6,278 shares worth approximately $521,000.
• ProShares UltraPro QQQ recently announced an increase in its quarterly dividend to $0.2183 from the previous $0.20, representing an annual yield of 0.9%.
• The current market price of ProShares UltraPro QQQ is $96.76, with a 12-month high of $97.37 and a market capitalization of $29.82 billion.

Wealth Alliance Advisory Group LLC cut its holdings in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 30.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,278 shares of the exchange traded fund's stock after selling 2,771 shares during the period. Wealth Alliance Advisory Group LLC's holdings in ProShares UltraPro QQQ were worth $521,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Blue Sky Capital Consultants Group Inc. bought a new position in ProShares UltraPro QQQ during the fourth quarter worth about $1,964,000. Stuart Chaussee & Associates Inc. bought a new position in ProShares UltraPro QQQ during the fourth quarter worth about $1,473,000. Jump Financial LLC bought a new position in ProShares UltraPro QQQ during the first quarter worth about $53,458,000. OLD National Bancorp IN lifted its holdings in ProShares UltraPro QQQ by 24.6% during the first quarter. OLD National Bancorp IN now owns 91,971 shares of the exchange traded fund's stock worth $5,270,000 after acquiring an additional 18,145 shares in the last quarter. Finally, Alpha Wealth Funds LLC bought a new position in ProShares UltraPro QQQ during the fourth quarter worth about $1,878,000.

ProShares UltraPro QQQ Trading Up 1.5%

Shares of ProShares UltraPro QQQ stock traded up $1.50 during trading on Friday, reaching $102.48. The stock had a trading volume of 28,791,178 shares, compared to its average volume of 79,309,367. The company has a market capitalization of $31.58 billion, a price-to-earnings ratio of 38.25 and a beta of 3.45. The stock has a fifty day moving average price of $90.49 and a two-hundred day moving average price of $73.44. ProShares UltraPro QQQ has a 52 week low of $35.00 and a 52 week high of $102.65.

ProShares UltraPro QQQ Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Wednesday, June 25th were issued a $0.2183 dividend. This represents a $0.87 dividend on an annualized basis and a dividend yield of 0.9%. This is a positive change from ProShares UltraPro QQQ's previous quarterly dividend of $0.20. The ex-dividend date was Wednesday, June 25th.

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.