Axxcess Wealth Management LLC Increases Holdings in ProShares UltraPro QQQ $TQQQ

Axxcess Wealth Management LLC increased its stake in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) by 216.3% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 83,415 shares of the exchange traded fund’s stock after buying an additional 57,040 shares during the quarter. Axxcess Wealth Management LLC’s holdings in ProShares UltraPro QQQ were worth $6,923,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in TQQQ. Kingstone Capital Partners Texas LLC purchased a new position in ProShares UltraPro QQQ during the second quarter worth approximately $395,951,000. IMC Chicago LLC raised its position in 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 purchasing an additional 1,155,681 shares during the period. Jump Financial LLC purchased a new stake in ProShares UltraPro QQQ in the first quarter valued at $53,458,000. McElhenny Sheffield Capital Management LLC purchased a new stake in ProShares UltraPro QQQ in the second quarter valued at $54,068,000. Finally, Goldman Sachs Group Inc. raised its position in ProShares UltraPro QQQ by 4,237.0% in the first quarter. Goldman Sachs Group Inc. now owns 520,444 shares of the exchange traded fund’s stock valued at $29,821,000 after purchasing an additional 508,444 shares during the period.

ProShares UltraPro QQQ Stock Up 6.3%

NASDAQ:TQQQ opened at $103.23 on Tuesday. ProShares UltraPro QQQ has a 52 week low of $35.00 and a 52 week high of $109.66. The company has a market capitalization of $27.35 billion, a P/E ratio of 38.25 and a beta of 3.45. The stock’s fifty day moving average is $96.20 and its two-hundred day moving average is $78.42.

ProShares UltraPro QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Wednesday, September 24th were given a $0.0978 dividend. 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 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.