ProShares UltraPro QQQ $TQQQ Shares Sold by SBI Securities Co. Ltd.

SBI Securities Co. Ltd. reduced its stake in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 15.0% in the second quarter, HoldingsChannel reports. The fund owned 132,858 shares of the exchange traded fund’s stock after selling 23,402 shares during the quarter. SBI Securities Co. Ltd.’s holdings in ProShares UltraPro QQQ were worth $11,027,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Ameritas Advisory Services LLC bought a new stake in ProShares UltraPro QQQ during the second quarter worth approximately $25,000. MRP Capital Investments LLC acquired a new position in shares of ProShares UltraPro QQQ during the 1st quarter valued at $29,000. Keystone Financial Group Inc. bought a new stake in shares of ProShares UltraPro QQQ in the 2nd quarter worth $48,000. Atlantic Union Bankshares Corp acquired a new stake in shares of ProShares UltraPro QQQ in the second quarter valued at $47,000. Finally, Bogart Wealth LLC bought a new position in ProShares UltraPro QQQ during the second quarter valued at about $58,000.

ProShares UltraPro QQQ Stock Down 0.8%

NASDAQ:TQQQ opened at $111.78 on Wednesday. The business’s 50-day moving average price is $104.48 and its 200 day moving average price is $87.80. ProShares UltraPro QQQ has a 52-week low of $35.00 and a 52-week high of $121.37. The firm has a market cap of $29.31 billion, a P/E ratio of 38.25 and a beta of 3.46.

ProShares UltraPro QQQ’s stock is set to split on the morning of Thursday, November 20th. The 2-1 split was recently announced. The newly created shares will be distributed to shareholders after the market closes 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 issued a $0.0978 dividend. This represents a $0.39 dividend on an annualized basis and a dividend 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.