ProShares UltraPro QQQ $TQQQ Stock Position Raised by Howard Capital Management Inc.

Howard Capital Management Inc. lifted its holdings in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) by 1,071.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,855,196 shares of the exchange traded fund’s stock after buying an additional 4,440,578 shares during the period. ProShares UltraPro QQQ comprises 4.9% of Howard Capital Management Inc.’s investment portfolio, making the stock its 6th biggest holding. Howard Capital Management Inc. owned approximately 1.55% of ProShares UltraPro QQQ worth $404,067,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the business. Sollinda Capital Management LLC acquired a new position in ProShares UltraPro QQQ during the first quarter worth $4,227,000. Koshinski Asset Management Inc. boosted its position in shares of ProShares UltraPro QQQ by 28.6% during the 1st quarter. Koshinski Asset Management Inc. now owns 19,317 shares of the exchange traded fund’s stock worth $1,107,000 after purchasing an additional 4,291 shares in the last quarter. Vontobel Holding Ltd. boosted its position in shares of ProShares UltraPro QQQ by 363.2% during the 1st quarter. Vontobel Holding Ltd. now owns 20,891 shares of the exchange traded fund’s stock worth $1,197,000 after purchasing an additional 16,381 shares in the last quarter. WT Asset Management Ltd acquired a new position in shares of ProShares UltraPro QQQ during the 1st quarter worth $21,201,000. Finally, Capital Investment Counsel Inc increased its holdings in shares of ProShares UltraPro QQQ by 74.1% in the 1st quarter. Capital Investment Counsel Inc now owns 4,700 shares of the exchange traded fund’s stock valued at $269,000 after purchasing an additional 2,000 shares in the last quarter.

ProShares UltraPro QQQ Stock Up 5.3%

Shares of NASDAQ TQQQ opened at $116.43 on Tuesday. The stock has a market capitalization of $31.24 billion, a price-to-earnings ratio of 38.25 and a beta of 3.46. ProShares UltraPro QQQ has a 52 week low of $35.00 and a 52 week high of $116.69. The firm has a 50-day moving average price of $99.13 and a 200 day moving average price of $82.43.

ProShares UltraPro QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Wednesday, September 24th were paid a dividend of $0.0978 per share. The ex-dividend date of this dividend was Wednesday, September 24th. This represents a $0.39 annualized dividend and a dividend yield of 0.3%.

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.