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

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

ProShares UltraPro QQQ Stock Performance

TQQQ traded up $2.00 on Friday, reaching $102.98. The company had a trading volume of 42,013,788 shares, compared to its average volume of 79,387,609. The business has a 50 day simple moving average of $90.88 and a 200 day simple moving average of $73.68. The company has a market cap of $31.74 billion, a price-to-earnings ratio of 38.25 and a beta of 3.45. ProShares UltraPro QQQ has a 52-week low of $35.00 and a 52-week high of $103.29.

ProShares UltraPro QQQ Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Wednesday, June 25th were paid 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 yield of 0.8%. 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.