Legacy Wealth Managment LLC ID Buys 1,235 Shares of ProShares UltraPro QQQ $TQQQ

Legacy Wealth Managment LLC ID increased its stake in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) by 6,175.0% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 1,255 shares of the exchange traded fund’s stock after purchasing an additional 1,235 shares during the period. Legacy Wealth Managment LLC ID’s holdings in ProShares UltraPro QQQ were worth $104,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in TQQQ. Howard Capital Management Inc. increased its position in shares of ProShares UltraPro QQQ by 1,071.0% during the second quarter. Howard Capital Management Inc. now owns 4,855,196 shares of the exchange traded fund’s stock valued at $404,067,000 after buying an additional 4,440,578 shares during the period. Kingstone Capital Partners Texas LLC purchased a new position in ProShares UltraPro QQQ during the second quarter valued at approximately $395,951,000. Oriental Harbor Investment Fund grew its stake in ProShares UltraPro QQQ by 47.3% during 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 acquiring an additional 486,506 shares in the last quarter. IMC Chicago LLC increased its holdings in ProShares UltraPro QQQ by 9,296.8% during the 2nd quarter. IMC Chicago LLC now owns 1,168,112 shares of the exchange traded fund’s stock worth $96,953,000 after acquiring an additional 1,155,681 shares during the period. Finally, Jump Financial LLC purchased a new stake in ProShares UltraPro QQQ in the 1st quarter worth approximately $53,458,000.

ProShares UltraPro QQQ Price Performance

Shares of NASDAQ:TQQQ opened at $105.78 on Friday. The firm has a fifty day moving average price of $103.52 and a two-hundred day moving average price of $86.41. The company has a market cap of $27.74 billion, a price-to-earnings ratio of 38.25 and a beta of 3.46. ProShares UltraPro QQQ has a one year low of $35.00 and a one year high of $121.37.

ProShares UltraPro QQQ shares are going to split on Thursday, November 20th. The 2-1 split was recently announced. The newly created shares will be issued to shareholders after the closing bell on Wednesday, November 19th.

ProShares UltraPro QQQ Cuts Dividend

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