GGM Financials LLC Takes $642,000 Position in ProShares UltraPro QQQ $TQQQ

GGM Financials LLC bought a new stake in ProShares UltraPro QQQ (NASDAQ:TQQQ) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,740 shares of the exchange traded fund’s stock, valued at approximately $642,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ameritas Advisory Services LLC purchased a new stake in shares of ProShares UltraPro QQQ in the second quarter valued at $25,000. MRP Capital Investments LLC purchased a new stake in shares of ProShares UltraPro QQQ in the first quarter valued at $29,000. Columbia River Financial Group LLC purchased a new stake in shares of ProShares UltraPro QQQ in the first quarter valued at $47,000. Keystone Financial Group Inc. purchased a new stake in shares of ProShares UltraPro QQQ in the second quarter valued at $48,000. Finally, Bogart Wealth LLC purchased a new stake in shares of ProShares UltraPro QQQ in the second quarter valued at $58,000.

ProShares UltraPro QQQ Trading Up 5.3%

Shares of TQQQ opened at $116.43 on Tuesday. ProShares UltraPro QQQ has a twelve month low of $35.00 and a twelve month high of $116.69. The company has a market cap of $31.24 billion, a P/E ratio of 38.25 and a beta of 3.46. The company’s fifty day simple moving average is $99.13 and its 200-day simple moving average is $82.43.

ProShares UltraPro QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Wednesday, September 24th were paid a $0.0978 dividend. This represents a $0.39 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Wednesday, September 24th.

ProShares UltraPro QQQ Company 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.