Wealth Architects LLC Sells 540 Shares of ProShares UltraPro QQQ $TQQQ

Wealth Architects LLC lessened its position in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 4.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,442 shares of the exchange traded fund’s stock after selling 540 shares during the quarter. Wealth Architects LLC’s holdings in ProShares UltraPro QQQ were worth $867,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in TQQQ. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of ProShares UltraPro QQQ by 24.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 67,691 shares of the exchange traded fund’s stock worth $3,879,000 after acquiring an additional 13,452 shares during the last quarter. PPSC Investment Service Corp lifted its holdings in shares of ProShares UltraPro QQQ by 16.3% in the 1st quarter. PPSC Investment Service Corp now owns 519,345 shares of the exchange traded fund’s stock worth $29,758,000 after acquiring an additional 72,930 shares during the last quarter. Sowell Financial Services LLC lifted its holdings in shares of ProShares UltraPro QQQ by 8.2% in the 1st quarter. Sowell Financial Services LLC now owns 20,167 shares of the exchange traded fund’s stock worth $1,156,000 after acquiring an additional 1,529 shares during the last quarter. Variant Private Wealth LLC lifted its holdings in shares of ProShares UltraPro QQQ by 36.9% in the 1st quarter. Variant Private Wealth LLC now owns 35,136 shares of the exchange traded fund’s stock worth $2,013,000 after acquiring an additional 9,463 shares during the last quarter. Finally, Prosperity Wealth Management Inc. increased its stake in ProShares UltraPro QQQ by 2,182.2% in the 1st quarter. Prosperity Wealth Management Inc. now owns 62,601 shares of the exchange traded fund’s stock worth $3,587,000 after buying an additional 59,858 shares during the period.

ProShares UltraPro QQQ Price Performance

TQQQ stock opened at $97.07 on Monday. The company has a market capitalization of $25.71 billion, a PE ratio of 38.25 and a beta of 3.45. ProShares UltraPro QQQ has a 12 month low of $35.00 and a 12 month high of $109.66. The firm’s 50-day moving average is $95.88 and its 200 day moving average is $78.10.

ProShares UltraPro QQQ Cuts Dividend

The business 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 yield of 0.4%. The ex-dividend date of this dividend was Wednesday, September 24th.

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.