Axxcess Wealth Management LLC Boosts Stock Position in ProShares UltraPro QQQ $TQQQ

Axxcess Wealth Management LLC lifted its position in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 216.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 83,415 shares of the exchange traded fund’s stock after buying an additional 57,040 shares during the quarter. Axxcess Wealth Management LLC’s holdings in ProShares UltraPro QQQ were worth $6,923,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Kingstone Capital Partners Texas LLC purchased a new stake in shares of ProShares UltraPro QQQ in the 2nd quarter valued at $395,951,000. Oriental Harbor Investment Fund raised its holdings in shares of ProShares UltraPro QQQ by 47.3% in the 1st 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 during the period. IMC Chicago LLC raised its holdings in shares of ProShares UltraPro QQQ by 9,296.8% in the 2nd quarter. IMC Chicago LLC now owns 1,168,112 shares of the exchange traded fund’s stock valued at $96,953,000 after buying an additional 1,155,681 shares during the period. Jump Financial LLC purchased a new stake in shares of ProShares UltraPro QQQ in the 1st quarter valued at $53,458,000. Finally, McElhenny Sheffield Capital Management LLC purchased a new stake in shares of ProShares UltraPro QQQ in the 2nd quarter valued at $54,068,000.

ProShares UltraPro QQQ Trading Up 6.3%

TQQQ stock opened at $103.23 on Tuesday. The company has a market capitalization of $27.35 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 $109.66. The business’s fifty day moving average price is $96.20 and its 200 day moving average price is $78.42.

ProShares UltraPro QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Wednesday, September 24th were paid a dividend of $0.0978 per share. This represents a $0.39 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Wednesday, September 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.