ProShares UltraPro QQQ $TQQQ Shares Bought by Demars Financial Group LLC

Demars Financial Group LLC raised its stake in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 118.3% during the fourth quarter, Holdings Channel reports. The firm owned 73,570 shares of the exchange traded fund’s stock after purchasing an additional 39,876 shares during the period. ProShares UltraPro QQQ makes up about 1.3% of Demars Financial Group LLC’s holdings, making the stock its 13th biggest holding. Demars Financial Group LLC’s holdings in ProShares UltraPro QQQ were worth $3,879,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Greenhouse Wealth Management LLC boosted its holdings in shares of ProShares UltraPro QQQ by 100.3% in the 4th quarter. Greenhouse Wealth Management LLC now owns 31,226 shares of the exchange traded fund’s stock valued at $1,646,000 after purchasing an additional 15,637 shares during the last quarter. Capital Investment Advisory Services LLC boosted its holdings in shares of ProShares UltraPro QQQ by 93.6% in the 4th quarter. Capital Investment Advisory Services LLC now owns 12,398 shares of the exchange traded fund’s stock valued at $654,000 after purchasing an additional 5,993 shares during the last quarter. McElhenny Sheffield Capital Management LLC lifted its holdings in shares of ProShares UltraPro QQQ by 77.7% during the 4th quarter. McElhenny Sheffield Capital Management LLC now owns 1,213,489 shares of the exchange traded fund’s stock valued at $63,975,000 after acquiring an additional 530,708 shares in the last quarter. Prime Capital Investment Advisors LLC lifted its holdings in shares of ProShares UltraPro QQQ by 148.4% during the 4th quarter. Prime Capital Investment Advisors LLC now owns 22,675 shares of the exchange traded fund’s stock valued at $1,195,000 after acquiring an additional 13,547 shares in the last quarter. Finally, CCG Wealth Management LLC lifted its holdings in shares of ProShares UltraPro QQQ by 348.1% during the 4th quarter. CCG Wealth Management LLC now owns 15,163 shares of the exchange traded fund’s stock valued at $799,000 after acquiring an additional 11,779 shares in the last quarter.

ProShares UltraPro QQQ Trading Up 8.7%

NASDAQ:TQQQ opened at $48.00 on Thursday. The firm has a market capitalization of $28.14 billion, a price-to-earnings ratio of 38.25 and a beta of 3.50. The firm’s fifty day simple moving average is $47.72 and its 200 day simple moving average is $51.61. ProShares UltraPro QQQ has a twelve month low of $19.36 and a twelve month high of $60.69.

ProShares UltraPro QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Wednesday, March 25th were issued a dividend of $0.0716 per share. The ex-dividend date was Wednesday, March 25th. This represents a $0.29 annualized dividend and a dividend yield of 0.6%.

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.