ProShares UltraPro QQQ $TQQQ Shares Sold by Koshinski Asset Management Inc.

Koshinski Asset Management Inc. decreased its stake in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 19.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,627 shares of the exchange traded fund’s stock after selling 3,690 shares during the quarter. Koshinski Asset Management Inc.’s holdings in ProShares UltraPro QQQ were worth $1,297,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Kingstone Capital Partners Texas LLC purchased a new position in ProShares UltraPro QQQ in the 2nd quarter valued at about $395,951,000. IMC Chicago LLC lifted its position in shares of ProShares UltraPro QQQ by 9,296.8% in the second quarter. IMC Chicago LLC now owns 1,168,112 shares of the exchange traded fund’s stock valued at $96,953,000 after acquiring an additional 1,155,681 shares in the last quarter. Jump Financial LLC acquired a new stake in shares of ProShares UltraPro QQQ in the first quarter worth approximately $53,458,000. McElhenny Sheffield Capital Management LLC acquired a new stake in shares of ProShares UltraPro QQQ in the second quarter worth approximately $54,068,000. Finally, Goldman Sachs Group Inc. increased its position in shares of ProShares UltraPro QQQ by 4,237.0% during the first quarter. Goldman Sachs Group Inc. now owns 520,444 shares of the exchange traded fund’s stock worth $29,821,000 after purchasing an additional 508,444 shares in the last quarter.

ProShares UltraPro QQQ Stock Performance

Shares of TQQQ stock opened at $103.99 on Friday. ProShares UltraPro QQQ has a fifty-two week low of $35.00 and a fifty-two week high of $109.66. The stock’s fifty day moving average is $97.28 and its two-hundred day moving average is $79.50. The firm has a market capitalization of $28.38 billion, a P/E ratio of 38.25 and a beta of 3.45.

ProShares UltraPro QQQ Cuts Dividend

The firm also recently declared 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. The ex-dividend date was Wednesday, September 24th. This represents a $0.39 dividend on an annualized basis and a yield of 0.4%.

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.