ProShares UltraPro QQQ $TQQQ Shares Acquired by SteelPeak Wealth LLC

SteelPeak Wealth LLC lifted its holdings in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 135.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,575 shares of the exchange traded fund’s stock after buying an additional 41,222 shares during the period. SteelPeak Wealth LLC’s holdings in ProShares UltraPro QQQ were worth $3,773,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TQQQ. Integrated Wealth Concepts LLC raised its holdings in ProShares UltraPro QQQ by 19.2% in the 1st quarter. Integrated Wealth Concepts LLC now owns 4,971 shares of the exchange traded fund’s stock valued at $285,000 after acquiring an additional 799 shares during the last quarter. Goldman Sachs Group Inc. boosted 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 purchasing an additional 508,444 shares during the last quarter. Focus Partners Wealth grew its position in shares of ProShares UltraPro QQQ by 30.8% in the first quarter. Focus Partners Wealth now owns 10,954 shares of the exchange traded fund’s stock valued at $628,000 after purchasing an additional 2,578 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of ProShares UltraPro QQQ by 11.4% in the second quarter. JPMorgan Chase & Co. now owns 19,570 shares of the exchange traded fund’s stock valued at $1,624,000 after purchasing an additional 2,002 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC increased its holdings in shares of ProShares UltraPro QQQ by 345.1% in the second quarter. Steward Partners Investment Advisory LLC now owns 1,193 shares of the exchange traded fund’s stock valued at $99,000 after purchasing an additional 925 shares during the last quarter.

ProShares UltraPro QQQ Stock Performance

Shares of ProShares UltraPro QQQ stock opened at $43.33 on Friday. ProShares UltraPro QQQ has a one year low of $17.50 and a one year high of $60.69. The company has a market cap of $25.53 billion, a price-to-earnings ratio of 38.25 and a beta of 3.46. The business’s 50 day moving average price is $48.37 and its 200 day moving average price is $51.70.

ProShares UltraPro QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 25th were paid a $0.0716 dividend. The ex-dividend date of this dividend was Wednesday, March 25th. This represents a $0.29 dividend on an annualized basis 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.