Smith Chas P & Associates PA Cpas Has $374,000 Stock Holdings in ProShares UltraPro QQQ $TQQQ

Smith Chas P & Associates PA Cpas cut its stake in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 13.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,507 shares of the exchange traded fund’s stock after selling 685 shares during the quarter. Smith Chas P & Associates PA Cpas’ holdings in ProShares UltraPro QQQ were worth $374,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. MRP Capital Investments LLC purchased a new position in ProShares UltraPro QQQ in the first quarter valued at about $29,000. Columbia River Financial Group LLC acquired a new stake in shares of ProShares UltraPro QQQ during the 1st quarter valued at about $47,000. Cranbrook Wealth Management LLC bought a new stake in shares of ProShares UltraPro QQQ in the 2nd quarter valued at approximately $87,000. Wolff Wiese Magana LLC bought a new stake in shares of ProShares UltraPro QQQ in the 1st quarter valued at approximately $94,000. Finally, Beacon Capital Management LLC increased its holdings 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 worth $104,000 after buying an additional 450 shares during the last quarter.

ProShares UltraPro QQQ Stock Up 1.2%

NASDAQ TQQQ opened at $101.25 on Monday. The stock has a market capitalization of $31.21 billion, a PE ratio of 38.25 and a beta of 3.45. ProShares UltraPro QQQ has a 12-month low of $35.00 and a 12-month high of $105.08. The company has a 50 day moving average price of $92.51 and a two-hundred day moving average price of $75.17.

ProShares UltraPro QQQ Cuts Dividend

The firm 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 $0.0978 dividend. The ex-dividend date is Wednesday, September 24th. This represents a $0.39 dividend on an annualized basis 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.