16,373 Shares in ProShares UltraPro QQQ $TQQQ Purchased by TrueMark Investments LLC

TrueMark Investments LLC bought a new position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 16,373 shares of the exchange traded fund’s stock, valued at approximately $1,359,000.

Several other institutional investors and hedge funds have also bought and sold shares of TQQQ. Jump Financial LLC bought a new stake in ProShares UltraPro QQQ in the first quarter valued at approximately $53,458,000. Cutler Investment Counsel LLC bought a new stake in ProShares UltraPro QQQ in the first quarter valued at approximately $202,000. SBI Securities Co. Ltd. raised its stake in ProShares UltraPro QQQ by 24.0% in the first quarter. SBI Securities Co. Ltd. now owns 156,260 shares of the exchange traded fund’s stock valued at $8,954,000 after buying an additional 30,266 shares during the period. KG&L Capital Management LLC bought a new stake in ProShares UltraPro QQQ in the first quarter valued at approximately $1,081,000. Finally, Avidian Wealth Enterprises LLC raised its stake in ProShares UltraPro QQQ by 103.9% in the first quarter. Avidian Wealth Enterprises LLC now owns 366,450 shares of the exchange traded fund’s stock valued at $20,998,000 after buying an additional 186,716 shares during the period.

ProShares UltraPro QQQ Stock Up 1.9%

NASDAQ:TQQQ opened at $103.99 on Friday. The stock’s 50 day moving average price is $97.28 and its two-hundred day moving average price is $79.50. The firm has a market capitalization of $28.38 billion, a price-to-earnings ratio of 38.25 and a beta of 3.45. ProShares UltraPro QQQ has a 12-month low of $35.00 and a 12-month high of $109.66.

ProShares UltraPro QQQ Cuts Dividend

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

About ProShares UltraPro QQQ

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.