Kingswood Wealth Advisors LLC Purchases 4,017 Shares of ProShares UltraPro QQQ $TQQQ

Kingswood Wealth Advisors LLC grew its position in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 27.7% in the second quarter, Holdings Channel.com reports. The fund owned 18,509 shares of the exchange traded fund’s stock after buying an additional 4,017 shares during the period. Kingswood Wealth Advisors LLC’s holdings in ProShares UltraPro QQQ were worth $1,536,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Ameritas Advisory Services LLC bought a new stake in shares of ProShares UltraPro QQQ in the 2nd quarter worth approximately $25,000. MRP Capital Investments LLC bought a new position in shares of ProShares UltraPro QQQ during the 1st quarter worth approximately $29,000. Keystone Financial Group Inc. bought a new position in shares of ProShares UltraPro QQQ during the 2nd quarter worth approximately $48,000. Columbia River Financial Group LLC bought a new position in shares of ProShares UltraPro QQQ during the 1st quarter worth approximately $47,000. Finally, Dogwood Wealth Management LLC lifted its position in shares of ProShares UltraPro QQQ by 302.0% during the 2nd quarter. Dogwood Wealth Management LLC now owns 1,001 shares of the exchange traded fund’s stock worth $83,000 after buying an additional 752 shares during the period.

ProShares UltraPro QQQ Price Performance

ProShares UltraPro QQQ stock opened at $105.31 on Wednesday. The company has a market capitalization of $28.17 billion, a PE ratio of 38.25 and a beta of 3.45. ProShares UltraPro QQQ has a one year low of $35.00 and a one year high of $108.06. The business has a 50 day simple moving average of $94.81 and a 200 day simple moving average of $77.17.

ProShares UltraPro QQQ Cuts Dividend

The business 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 dividend yield of 0.4%. The ex-dividend date was Wednesday, September 24th.

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.