ProShares UltraPro QQQ $TQQQ Shares Sold by SBI Securities Co. Ltd.

SBI Securities Co. Ltd. decreased its position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) by 15.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 132,858 shares of the exchange traded fund’s stock after selling 23,402 shares during the period. SBI Securities Co. Ltd.’s holdings in ProShares UltraPro QQQ were worth $11,027,000 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 the company. Ameritas Advisory Services LLC purchased a new position in ProShares UltraPro QQQ in the 2nd quarter valued at about $25,000. MRP Capital Investments LLC purchased a new stake in shares of ProShares UltraPro QQQ during the first quarter worth about $29,000. Atlantic Union Bankshares Corp acquired a new position in shares of ProShares UltraPro QQQ in the second quarter worth about $47,000. Keystone Financial Group Inc. purchased a new position in ProShares UltraPro QQQ in the second quarter valued at about $48,000. Finally, Bogart Wealth LLC purchased a new position in ProShares UltraPro QQQ in the second quarter valued at about $58,000.

ProShares UltraPro QQQ Stock Down 0.8%

Shares of NASDAQ TQQQ opened at $111.78 on Wednesday. ProShares UltraPro QQQ has a fifty-two week low of $35.00 and a fifty-two week high of $121.37. The business has a 50 day moving average price of $104.48 and a two-hundred day moving average price of $87.80. The firm has a market cap of $29.31 billion, a PE ratio of 38.25 and a beta of 3.46.

ProShares UltraPro QQQ shares are going to split on Thursday, November 20th. The 2-1 split was recently announced. The newly minted shares will be payable to shareholders after the market closes on Wednesday, November 19th.

ProShares UltraPro QQQ Cuts Dividend

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