Koshinski Asset Management Inc. Cuts Stake in ProShares UltraPro QQQ $TQQQ

Koshinski Asset Management Inc. reduced its position in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 81.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,832 shares of the exchange traded fund’s stock after selling 12,795 shares during the quarter. Koshinski Asset Management Inc.’s holdings in ProShares UltraPro QQQ were worth $293,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TQQQ. WFA of San Diego LLC purchased a new position in ProShares UltraPro QQQ during the 2nd quarter valued at about $25,000. N.E.W. Advisory Services LLC bought a new position in shares of ProShares UltraPro QQQ during the second quarter valued at approximately $30,000. Halbert Hargrove Global Advisors LLC purchased a new position in ProShares UltraPro QQQ during the third quarter valued at approximately $44,000. Edmond DE Rothschild Holding S.A. bought a new position in ProShares UltraPro QQQ in the second quarter worth approximately $42,000. Finally, Atlantic Union Bankshares Corp bought a new position in ProShares UltraPro QQQ in the second quarter worth approximately $47,000.

ProShares UltraPro QQQ Trading Up 3.2%

Shares of NASDAQ:TQQQ opened at $49.78 on Wednesday. The company has a market capitalization of $26.72 billion, a PE 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 business’s fifty day simple moving average is $52.75 and its 200-day simple moving average is $51.76.

ProShares UltraPro QQQ Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 24th were paid a $0.0855 dividend. This represents a $0.34 annualized dividend and a yield of 0.7%. This is a boost from ProShares UltraPro QQQ’s previous quarterly dividend of $0.05. The ex-dividend date was Wednesday, December 24th.

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.