Westmount Partners LLC Buys New Stake in ProShares UltraPro QQQ $TQQQ

Key Points

• Westmount Partners LLC has acquired a new stake in ProShares UltraPro QQQ (NASDAQ:TQQQ), purchasing 4,067 shares valued at approximately $338,000.
• The stock has experienced a 2.6% increase, with current trading around $99.23, while its year range has fluctuated between $35.00 and $99.27.
• ProShares UltraPro QQQ recently declared a quarterly dividend of $0.2183, an increase from its previous quarterly dividend of $0.20, yielding an annualized dividend of $0.87.

Westmount Partners LLC bought a new stake in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,067 shares of the exchange traded fund's stock, valued at approximately $338,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TQQQ. MRP Capital Investments LLC purchased a new stake in ProShares UltraPro QQQ during the first quarter valued at approximately $29,000. Columbia River Financial Group LLC purchased a new stake in ProShares UltraPro QQQ during the first quarter valued at approximately $47,000. Wolff Wiese Magana LLC purchased a new stake in ProShares UltraPro QQQ during the first quarter valued at approximately $94,000. Beacon Capital Management LLC lifted its position in ProShares UltraPro QQQ by 32.8% during the first quarter. Beacon Capital Management LLC now owns 1,823 shares of the exchange traded fund's stock valued at $104,000 after acquiring an additional 450 shares during the last quarter. Finally, Canton Hathaway LLC purchased a new stake in ProShares UltraPro QQQ during the first quarter valued at approximately $118,000.

ProShares UltraPro QQQ Stock Up 2.6%

NASDAQ:TQQQ opened at $99.23 on Tuesday. ProShares UltraPro QQQ has a 52 week low of $35.00 and a 52 week high of $99.27. The firm has a 50 day moving average of $89.57 and a 200 day moving average of $72.88. The stock has a market capitalization of $30.58 billion, a price-to-earnings ratio of 38.25 and a beta of 3.45.

ProShares UltraPro QQQ Increases Dividend

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

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.

Want to see what other hedge funds are holding TQQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report).

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