Wealth Enhancement Advisory Services LLC Purchases 68,013 Shares of ProShares UltraPro QQQ $TQQQ

Key Points

• Wealth Enhancement Advisory Services LLC increased its stake in ProShares UltraPro QQQ by 101.1% in Q4, buying an additional 68,013 shares to hold 135,309 shares worth about $7.44 million.
• Several other institutions made large additions—Cantor Fitzgerald (+823.5% to 779,017 shares, ~$80.55M), Citigroup (+3,108% to 601,603 shares, ~$62.21M) and Goldman Sachs (+4,237% to 520,444 shares, ~$29.82M) among them.
• TQQQ was trading down ~5.9% (opened at $38.78) with a market cap of $20.82B, and the fund disclosed a quarterly dividend of $0.0716 (annualized $0.29, ~0.7% yield), ex-dividend March 25 and payable March 31.

Wealth Enhancement Advisory Services LLC increased its position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 101.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 135,309 shares of the exchange traded fund's stock after acquiring an additional 68,013 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in ProShares UltraPro QQQ were worth $7,443,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Cantor Fitzgerald L. P. lifted its stake in ProShares UltraPro QQQ by 823.5% during the third quarter. Cantor Fitzgerald L. P. now owns 779,017 shares of the exchange traded fund's stock worth $80,550,000 after purchasing an additional 694,661 shares during the last quarter. Citigroup Inc. raised its holdings in shares of ProShares UltraPro QQQ by 3,108.0% during the 3rd quarter. Citigroup Inc. now owns 601,603 shares of the exchange traded fund's stock worth $62,206,000 after buying an additional 621,603 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of ProShares UltraPro QQQ by 4,237.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 520,444 shares of the exchange traded fund's stock worth $29,821,000 after buying an additional 508,444 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of ProShares UltraPro QQQ by 387.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 198,910 shares of the exchange traded fund's stock worth $16,510,000 after buying an additional 158,074 shares during the last quarter. Finally, Vestia Personal Wealth Advisors lifted its position in shares of ProShares UltraPro QQQ by 208.9% during the 3rd quarter. Vestia Personal Wealth Advisors now owns 154,444 shares of the exchange traded fund's stock worth $154,000 after buying an additional 104,444 shares during the last quarter.

ProShares UltraPro QQQ Trading Down 5.9%

Shares of NASDAQ TQQQ opened at $38.78 on Friday. The company has a market cap of $20.82 billion, a price-to-earnings ratio of 38.25 and a beta of 3.46. ProShares UltraPro QQQ has a 12 month low of $17.50 and a 12 month high of $60.69. The stock has a 50-day moving average price of $49.50 and a two-hundred day moving average price of $51.95.

ProShares UltraPro QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 25th will be paid a $0.0716 dividend. The ex-dividend date of this dividend is Wednesday, March 25th. This represents a $0.29 annualized dividend and a dividend yield of 0.7%.

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. ProShare Advisors LLC (ProShare Advisors) provides the investment advisory and management services for the Fund.

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