3,035 Shares in ProShares UltraPro QQQ (NASDAQ:TQQQ) Bought by EWG Elevate Inc.

EWG Elevate Inc. acquired a new position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 3,035 shares of the exchange traded fund’s stock, valued at approximately $224,000.

A number of other large investors have also modified their holdings of the company. Sheaff Brock Investment Advisors LLC raised its position in shares of ProShares UltraPro QQQ by 0.7% during the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 26,282 shares of the exchange traded fund’s stock worth $1,618,000 after buying an additional 187 shares in the last quarter. Wealthspire Advisors LLC lifted its position in ProShares UltraPro QQQ by 3.8% in the fourth quarter. Wealthspire Advisors LLC now owns 7,569 shares of the exchange traded fund’s stock worth $384,000 after purchasing an additional 279 shares during the period. Physician Wealth Advisors Inc. boosted its stake in ProShares UltraPro QQQ by 4.1% during the 1st quarter. Physician Wealth Advisors Inc. now owns 7,675 shares of the exchange traded fund’s stock valued at $472,000 after purchasing an additional 302 shares in the last quarter. Millington Financial Advisors LLC increased its position in shares of ProShares UltraPro QQQ by 2.3% during the 4th quarter. Millington Financial Advisors LLC now owns 18,148 shares of the exchange traded fund’s stock valued at $920,000 after purchasing an additional 412 shares during the period. Finally, Signaturefd LLC raised its stake in shares of ProShares UltraPro QQQ by 9.6% in the 4th quarter. Signaturefd LLC now owns 4,798 shares of the exchange traded fund’s stock worth $243,000 after buying an additional 422 shares in the last quarter.

ProShares UltraPro QQQ Trading Up 7.3 %

TQQQ stock traded up $4.31 during trading hours on Tuesday, hitting $63.56. 54,239,437 shares of the stock traded hands, compared to its average volume of 65,030,957. The stock has a 50-day simple moving average of $71.04 and a 200 day simple moving average of $63.37. ProShares UltraPro QQQ has a one year low of $30.47 and a one year high of $85.20.

ProShares UltraPro QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 3rd. Stockholders of record on Wednesday, June 26th were paid a $0.2828 dividend. The ex-dividend date was Wednesday, June 26th. This represents a $1.13 annualized dividend and a dividend yield of 1.78%. This is a boost from ProShares UltraPro QQQ’s previous quarterly dividend of $0.22.

About ProShares UltraPro QQQ

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.