Integrity Alliance LLC. Takes Position in ProShares UltraPro QQQ $TQQQ

Integrity Alliance LLC. purchased a new position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 18,006 shares of the exchange traded fund’s stock, valued at approximately $1,494,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Clear Investment Research LLC raised its stake in ProShares UltraPro QQQ by 128.2% during the 2nd quarter. Clear Investment Research LLC now owns 2,652 shares of the exchange traded fund’s stock worth $220,000 after buying an additional 1,490 shares during the period. Spire Wealth Management raised its stake in ProShares UltraPro QQQ by 88.2% during the 2nd quarter. Spire Wealth Management now owns 958 shares of the exchange traded fund’s stock worth $80,000 after buying an additional 449 shares during the period. World Investment Advisors raised its stake in ProShares UltraPro QQQ by 50.5% during the 2nd quarter. World Investment Advisors now owns 36,059 shares of the exchange traded fund’s stock worth $2,997,000 after buying an additional 12,100 shares during the period. Mayflower Financial Advisors LLC raised its stake in ProShares UltraPro QQQ by 21.5% during the 2nd quarter. Mayflower Financial Advisors LLC now owns 4,270 shares of the exchange traded fund’s stock worth $354,000 after buying an additional 755 shares during the period. Finally, GGM Financials LLC acquired a new position in ProShares UltraPro QQQ during the 2nd quarter worth approximately $642,000.

ProShares UltraPro QQQ Stock Performance

TQQQ stock opened at $116.72 on Friday. The stock’s 50 day simple moving average is $101.48 and its 200 day simple moving average is $84.13. ProShares UltraPro QQQ has a fifty-two week low of $35.00 and a fifty-two week high of $121.37. The company has a market cap of $30.72 billion, a P/E ratio of 38.25 and a beta of 3.46.

ProShares UltraPro QQQ Cuts Dividend

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

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.