Axxcess Wealth Management LLC Sells 81,378 Shares of ProShares UltraPro QQQ $TQQQ

Axxcess Wealth Management LLC lessened its holdings in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) by 97.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,037 shares of the exchange traded fund’s stock after selling 81,378 shares during the period. Axxcess Wealth Management LLC’s holdings in ProShares UltraPro QQQ were worth $211,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. WFA of San Diego LLC acquired a new stake in ProShares UltraPro QQQ during the second quarter worth approximately $25,000. N.E.W. Advisory Services LLC bought a new stake in shares of ProShares UltraPro QQQ during the 2nd quarter valued at $30,000. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of ProShares UltraPro QQQ during the 2nd quarter worth $42,000. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of ProShares UltraPro QQQ during the 3rd quarter worth $44,000. Finally, Atlantic Union Bankshares Corp bought a new position in shares of ProShares UltraPro QQQ in the second quarter worth $47,000.

ProShares UltraPro QQQ Stock Down 3.6%

Shares of ProShares UltraPro QQQ stock opened at $48.24 on Tuesday. ProShares UltraPro QQQ has a 12-month low of $17.50 and a 12-month high of $60.69. The company has a market capitalization of $25.89 billion, a price-to-earnings ratio of 38.25 and a beta of 3.46. The firm’s 50-day moving average price is $52.80 and its two-hundred day moving average price is $51.73.

ProShares UltraPro QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 24th were paid a dividend of $0.0855 per share. The ex-dividend date was Wednesday, December 24th. This is a boost from ProShares UltraPro QQQ’s previous quarterly dividend of $0.05. This represents a $0.34 annualized dividend and a yield of 0.7%.

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. ProShare Advisors LLC (ProShare Advisors) provides the investment advisory and management services for the Fund.