Thoroughbred Financial Services LLC Acquires New Holdings in ProShares UltraPro QQQ (NASDAQ:TQQQ)

Thoroughbred Financial Services LLC purchased a new stake in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 7,806 shares of the exchange traded fund’s stock, valued at approximately $576,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. IMC Chicago LLC increased its holdings in shares of ProShares UltraPro QQQ by 1,635.6% in the 4th quarter. IMC Chicago LLC now owns 9,191,741 shares of the exchange traded fund’s stock valued at $466,021,000 after purchasing an additional 8,662,153 shares during the period. Jane Street Group LLC increased its stake in shares of ProShares UltraPro QQQ by 444.5% in the first quarter. Jane Street Group LLC now owns 10,280,259 shares of the exchange traded fund’s stock worth $632,853,000 after acquiring an additional 8,392,312 shares during the last quarter. Flow Traders U.S. LLC raised its holdings in shares of ProShares UltraPro QQQ by 433.9% during the first quarter. Flow Traders U.S. LLC now owns 1,532,199 shares of the exchange traded fund’s stock worth $94,322,000 after acquiring an additional 1,245,229 shares in the last quarter. PPSC Investment Service Corp purchased a new position in ProShares UltraPro QQQ in the second quarter valued at about $12,662,000. Finally, Orion Portfolio Solutions LLC acquired a new position in ProShares UltraPro QQQ in the 4th quarter worth about $5,574,000.

ProShares UltraPro QQQ Trading Down 1.3 %

Shares of ProShares UltraPro QQQ stock opened at $66.45 on Tuesday. The stock has a 50-day simple moving average of $67.49 and a 200-day simple moving average of $64.75. ProShares UltraPro QQQ has a 52-week low of $30.47 and a 52-week high of $85.20.

ProShares UltraPro QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 3rd. Stockholders of record on Wednesday, June 26th were paid a dividend of $0.2828 per share. This is a positive change from ProShares UltraPro QQQ’s previous quarterly dividend of $0.22. The ex-dividend date was Wednesday, June 26th. This represents a $1.13 annualized dividend and a dividend yield of 1.70%.

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.