Wealth Watch Advisors INC Has $1.95 Million Stake in ProShares UltraPro QQQ $TQQQ

Wealth Watch Advisors INC trimmed its holdings in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 2.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,485 shares of the exchange traded fund’s stock after selling 631 shares during the period. ProShares UltraPro QQQ accounts for 1.1% of Wealth Watch Advisors INC’s holdings, making the stock its 21st largest position. Wealth Watch Advisors INC’s holdings in ProShares UltraPro QQQ were worth $1,949,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in TQQQ. Ameritas Advisory Services LLC acquired a new position in ProShares UltraPro QQQ during the second quarter valued at approximately $25,000. MRP Capital Investments LLC acquired a new position in ProShares UltraPro QQQ during the first quarter valued at approximately $29,000. Columbia River Financial Group LLC acquired a new position in ProShares UltraPro QQQ during the first quarter valued at approximately $47,000. Keystone Financial Group Inc. acquired a new position in ProShares UltraPro QQQ during the second quarter valued at approximately $48,000. Finally, Bogart Wealth LLC acquired a new position in ProShares UltraPro QQQ during the second quarter valued at approximately $58,000.

ProShares UltraPro QQQ Price Performance

Shares of TQQQ opened at $110.56 on Monday. ProShares UltraPro QQQ has a one year low of $35.00 and a one year high of $111.26. The company has a market cap of $29.67 billion, a P/E ratio of 38.25 and a beta of 3.46. The firm has a 50 day simple moving average of $98.66 and a two-hundred day simple moving average of $81.98.

ProShares UltraPro QQQ Cuts Dividend

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

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.