Koshinski Asset Management Inc. Lowers Holdings in ProShares UltraPro QQQ $TQQQ

Koshinski Asset Management Inc. reduced its stake in shares of ProShares UltraPro QQQ (NASDAQ:TQQQFree Report) by 19.1% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 15,627 shares of the exchange traded fund’s stock after selling 3,690 shares during the period. Koshinski Asset Management Inc.’s holdings in ProShares UltraPro QQQ were worth $1,297,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Ameritas Advisory Services LLC acquired a new stake in ProShares UltraPro QQQ during the second quarter worth about $25,000. MRP Capital Investments LLC purchased a new stake in ProShares UltraPro QQQ in the 1st quarter worth approximately $29,000. Columbia River Financial Group LLC acquired a new stake in shares of ProShares UltraPro QQQ during the 1st quarter worth approximately $47,000. Keystone Financial Group Inc. acquired a new stake in shares of ProShares UltraPro QQQ during the 2nd quarter worth approximately $48,000. Finally, Dogwood Wealth Management LLC increased its holdings 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 valued at $83,000 after purchasing an additional 752 shares in the last quarter.

ProShares UltraPro QQQ Stock Performance

Shares of NASDAQ TQQQ opened at $103.99 on Friday. The company has a market capitalization of $28.38 billion, a PE ratio of 38.25 and a beta of 3.45. The company’s fifty day moving average price is $97.28 and its 200 day moving average price is $79.50. ProShares UltraPro QQQ has a 1 year low of $35.00 and a 1 year high of $109.66.

ProShares UltraPro QQQ Cuts Dividend

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

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for ProShares UltraPro QQQ (NASDAQ:TQQQ)

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