Belpointe Asset Management LLC Has $582,000 Stock Holdings in ProShares UltraPro QQQ $TQQQ

Belpointe Asset Management LLC increased its position in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 44.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,017 shares of the exchange traded fund’s stock after buying an additional 2,147 shares during the period. Belpointe Asset Management LLC’s holdings in ProShares UltraPro QQQ were worth $582,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Jump Financial LLC acquired a new position in ProShares UltraPro QQQ during the 1st quarter valued at about $53,458,000. Cutler Investment Counsel LLC acquired a new position in ProShares UltraPro QQQ during the 1st quarter valued at about $202,000. PPSC Investment Service Corp boosted its stake in ProShares UltraPro QQQ by 16.3% during the 1st quarter. PPSC Investment Service Corp now owns 519,345 shares of the exchange traded fund’s stock valued at $29,758,000 after purchasing an additional 72,930 shares during the last quarter. SBI Securities Co. Ltd. boosted its stake in ProShares UltraPro QQQ by 24.0% during the 1st quarter. SBI Securities Co. Ltd. now owns 156,260 shares of the exchange traded fund’s stock valued at $8,954,000 after purchasing an additional 30,266 shares during the last quarter. Finally, KG&L Capital Management LLC acquired a new position in ProShares UltraPro QQQ during the 1st quarter valued at about $1,081,000.

ProShares UltraPro QQQ Stock Performance

TQQQ stock opened at $108.45 on Friday. The company has a market capitalization of $28.57 billion, a P/E ratio of 38.25 and a beta of 3.45. ProShares UltraPro QQQ has a 52-week low of $35.00 and a 52-week high of $109.05. The business has a 50-day simple moving average of $95.60 and a two-hundred day simple moving average of $77.68.

ProShares UltraPro QQQ Cuts Dividend

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