BXM Wealth LLC Raises Stock Position in ProShares UltraPro QQQ $TQQQ

BXM Wealth LLC boosted its holdings in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) by 603.2% during the 4th quarter, Holdings Channel reports. The firm owned 117,213 shares of the exchange traded fund’s stock after buying an additional 100,544 shares during the period. BXM Wealth LLC’s holdings in ProShares UltraPro QQQ were worth $6,179,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Sherman Wealth Management LLC bought a new stake in ProShares UltraPro QQQ in the 4th quarter valued at $2,249,000. Paragon Advisors LLC boosted its holdings in shares of ProShares UltraPro QQQ by 104.6% during the 4th quarter. Paragon Advisors LLC now owns 146,543 shares of the exchange traded fund’s stock valued at $7,726,000 after purchasing an additional 74,933 shares during the last quarter. MFG Wealth Management Inc. boosted its holdings in shares of ProShares UltraPro QQQ by 98.3% during the 4th quarter. MFG Wealth Management Inc. now owns 67,453 shares of the exchange traded fund’s stock valued at $3,556,000 after purchasing an additional 33,442 shares during the last quarter. Spire Wealth Management grew its position in shares of ProShares UltraPro QQQ by 4,456.0% during the fourth quarter. Spire Wealth Management now owns 28,657 shares of the exchange traded fund’s stock valued at $1,511,000 after purchasing an additional 28,028 shares in the last quarter. Finally, Diversified Trust Co. grew its position in shares of ProShares UltraPro QQQ by 100.0% during the fourth quarter. Diversified Trust Co. now owns 110,000 shares of the exchange traded fund’s stock valued at $5,799,000 after purchasing an additional 55,000 shares in the last quarter.

ProShares UltraPro QQQ Price Performance

NASDAQ:TQQQ opened at $43.33 on Monday. The company has a market cap of $25.53 billion, a price-to-earnings ratio of 38.25 and a beta of 3.46. ProShares UltraPro QQQ has a 1 year low of $17.50 and a 1 year high of $60.69. The stock’s 50 day simple moving average is $48.37 and its two-hundred day simple moving average is $51.73.

ProShares UltraPro QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 25th were paid a dividend of $0.0716 per share. This represents a $0.29 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Wednesday, March 25th.

ProShares UltraPro QQQ 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.