Davies Financial Advisors Inc. Cuts Stake in ProShares UltraPro QQQ (NASDAQ:TQQQ)

Davies Financial Advisors Inc. lowered its stake in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) by 15.0% in the second quarter, Holdings Channel reports. The firm owned 8,746 shares of the exchange traded fund’s stock after selling 1,544 shares during the period. Davies Financial Advisors Inc.’s holdings in ProShares UltraPro QQQ were worth $646,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of TQQQ. Signature Resources Capital Management LLC acquired a new position in shares of ProShares UltraPro QQQ in the 4th quarter worth approximately $29,000. Benjamin F. Edwards & Company Inc. acquired a new stake in ProShares UltraPro QQQ during the 1st quarter worth approximately $37,000. Westend Capital Management LLC acquired a new stake in ProShares UltraPro QQQ during the 1st quarter worth approximately $48,000. Hantz Financial Services Inc. acquired a new stake in ProShares UltraPro QQQ during the 2nd quarter worth approximately $68,000. Finally, Massmutual Trust Co. FSB ADV acquired a new stake in ProShares UltraPro QQQ during the 1st quarter worth approximately $63,000.

ProShares UltraPro QQQ Price Performance

ProShares UltraPro QQQ stock traded up $2.26 during mid-day trading on Friday, reaching $68.61. 46,473,387 shares of the company’s stock were exchanged, compared to its average volume of 64,040,957. ProShares UltraPro QQQ has a twelve month low of $30.47 and a twelve month high of $85.20. The company has a fifty day moving average of $70.13 and a 200-day moving average of $64.33.

ProShares UltraPro QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 3rd. Shareholders of record on Wednesday, June 26th were issued a dividend of $0.2828 per share. The ex-dividend date was Wednesday, June 26th. This is a positive change from ProShares UltraPro QQQ’s previous quarterly dividend of $0.22. This represents a $1.13 dividend on an annualized basis and a yield of 1.65%.

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.