7,740 Shares in ProShares UltraPro QQQ $TQQQ Bought by GGM Financials LLC

GGM Financials LLC bought a new position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,740 shares of the exchange traded fund’s stock, valued at approximately $642,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TQQQ. Ameritas Advisory Services LLC bought a new position in ProShares UltraPro QQQ during the second quarter valued at $25,000. MRP Capital Investments LLC bought a new position in ProShares UltraPro QQQ during the first quarter valued at $29,000. Keystone Financial Group Inc. bought a new position in ProShares UltraPro QQQ during the second quarter valued at $48,000. Bogart Wealth LLC bought a new position in ProShares UltraPro QQQ during the second quarter valued at $58,000. Finally, Columbia River Financial Group LLC bought a new position in ProShares UltraPro QQQ during the first quarter valued at $47,000.

ProShares UltraPro QQQ Stock Up 5.3%

TQQQ stock opened at $116.43 on Tuesday. ProShares UltraPro QQQ has a 52 week low of $35.00 and a 52 week high of $116.69. The company has a fifty day simple moving average of $99.13 and a two-hundred day simple moving average of $82.43. The firm has a market capitalization of $31.24 billion, a P/E ratio of 38.25 and a beta of 3.46.

ProShares UltraPro QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Wednesday, September 24th were given a dividend of $0.0978 per share. The ex-dividend date was Wednesday, September 24th. This represents a $0.39 annualized dividend and a yield of 0.3%.

About ProShares UltraPro QQQ

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.