James J. Burns & Company LLC Purchases New Stake in ProShares UltraPro QQQ $TQQQ

James J. Burns & Company LLC purchased a new stake in ProShares UltraPro QQQ (NASDAQ:TQQQ) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,503 shares of the exchange traded fund’s stock, valued at approximately $208,000.

A number of other institutional investors have also recently modified their holdings of the business. Kingstone Capital Partners Texas LLC purchased a new stake in shares of ProShares UltraPro QQQ in the second quarter valued at approximately $395,951,000. Oriental Harbor Investment Fund boosted its stake in shares of ProShares UltraPro QQQ by 47.3% in the first quarter. Oriental Harbor Investment Fund now owns 1,515,410 shares of the exchange traded fund’s stock valued at $86,488,000 after buying an additional 486,506 shares in the last quarter. Jump Financial LLC purchased a new stake in shares of ProShares UltraPro QQQ in the first quarter valued at approximately $53,458,000. Goldman Sachs Group Inc. boosted its stake in shares of ProShares UltraPro QQQ by 4,237.0% in the first quarter. Goldman Sachs Group Inc. now owns 520,444 shares of the exchange traded fund’s stock valued at $29,821,000 after buying an additional 508,444 shares in the last quarter. Finally, PPSC Investment Service Corp boosted its stake in shares of ProShares UltraPro QQQ by 16.3% in the first quarter. PPSC Investment Service Corp now owns 519,345 shares of the exchange traded fund’s stock valued at $29,758,000 after buying an additional 72,930 shares in the last quarter.

ProShares UltraPro QQQ Price Performance

ProShares UltraPro QQQ stock opened at $102.61 on Wednesday. ProShares UltraPro QQQ has a 1-year low of $35.00 and a 1-year high of $105.08. The company has a market cap of $31.62 billion, a PE ratio of 38.25 and a beta of 3.45. The stock’s 50 day moving average price is $91.64 and its 200 day moving average price is $74.20.

ProShares UltraPro QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Wednesday, September 24th will be issued a dividend of $0.0978 per share. The ex-dividend date of this dividend is Wednesday, September 24th. This represents a $0.39 annualized dividend and a yield of 0.4%.

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.