Wealthcare Advisory Partners LLC Makes New $206,000 Investment in ProShares UltraPro QQQ $TQQQ

Wealthcare Advisory Partners LLC bought a new position in ProShares UltraPro QQQ (NASDAQ:TQQQ) during the 2nd quarter, Holdings Channel.com reports. The fund bought 2,485 shares of the exchange traded fund’s stock, valued at approximately $206,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Ameritas Advisory Services LLC bought a new stake in ProShares UltraPro QQQ during the 2nd quarter valued at approximately $25,000. MRP Capital Investments LLC bought a new stake in ProShares UltraPro QQQ during the 1st quarter valued at approximately $29,000. Columbia River Financial Group LLC bought a new stake in ProShares UltraPro QQQ during the 1st quarter valued at approximately $47,000. Keystone Financial Group Inc. bought a new stake in ProShares UltraPro QQQ during the 2nd quarter valued at approximately $48,000. Finally, Dogwood Wealth Management LLC raised its stake in 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 valued at $83,000 after purchasing an additional 752 shares during the period.

ProShares UltraPro QQQ Price Performance

NASDAQ:TQQQ opened at $97.07 on Friday. ProShares UltraPro QQQ has a 1 year low of $35.00 and a 1 year high of $109.66. The stock’s 50 day simple moving average is $95.88 and its two-hundred day simple moving average is $77.89. The company has a market cap of $25.57 billion, a price-to-earnings ratio of 38.25 and a beta of 3.45.

ProShares UltraPro QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Wednesday, September 24th were issued a $0.0978 dividend. The ex-dividend date was Wednesday, September 24th. This represents a $0.39 dividend on an annualized basis and a dividend yield of 0.4%.

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.