ProShares UltraPro QQQ $TQQQ Stock Position Raised by Howard Capital Management Inc.

Howard Capital Management Inc. raised its holdings in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) by 1,071.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,855,196 shares of the exchange traded fund’s stock after acquiring an additional 4,440,578 shares during the quarter. ProShares UltraPro QQQ makes up 4.9% of Howard Capital Management Inc.’s investment portfolio, making the stock its 6th largest position. Howard Capital Management Inc.’s holdings in ProShares UltraPro QQQ were worth $404,067,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. GWN Securities Inc. acquired a new stake in shares of ProShares UltraPro QQQ in the second quarter valued at approximately $330,000. SYM FINANCIAL Corp purchased a new stake in ProShares UltraPro QQQ in the 2nd quarter valued at approximately $144,000. Belvedere Trading LLC acquired a new stake in ProShares UltraPro QQQ during the 2nd quarter valued at $251,000. Ashton Thomas Private Wealth LLC increased its position in ProShares UltraPro QQQ by 390.1% during the second quarter. Ashton Thomas Private Wealth LLC now owns 28,816 shares of the exchange traded fund’s stock worth $2,402,000 after buying an additional 22,936 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in shares of ProShares UltraPro QQQ by 20.4% in the second quarter. Envestnet Asset Management Inc. now owns 7,436 shares of the exchange traded fund’s stock worth $617,000 after acquiring an additional 1,261 shares during the last quarter.

ProShares UltraPro QQQ Stock Up 5.3%

Shares of NASDAQ:TQQQ opened at $116.43 on Tuesday. The company has a market capitalization of $31.24 billion, a P/E ratio of 38.25 and a beta of 3.46. ProShares UltraPro QQQ has a 52-week low of $35.00 and a 52-week high of $116.69. The stock’s fifty day simple moving average is $99.13 and its 200-day simple moving average is $82.43.

ProShares UltraPro QQQ Cuts Dividend

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

ProShares UltraPro QQQ Company 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.