WMG Financial Advisors LLC Has $424,000 Stock Holdings in ProShares UltraPro QQQ $TQQQ

WMG Financial Advisors LLC increased its position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) by 5.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,105 shares of the exchange traded fund’s stock after purchasing an additional 257 shares during the quarter. WMG Financial Advisors LLC’s holdings in ProShares UltraPro QQQ were worth $424,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Ameritas Advisory Services LLC bought a new position in ProShares UltraPro QQQ during the 2nd quarter worth approximately $25,000. MRP Capital Investments LLC acquired a new position in ProShares UltraPro QQQ during the first quarter worth $29,000. Columbia River Financial Group LLC bought a new position in ProShares UltraPro QQQ during the first quarter worth $47,000. Keystone Financial Group Inc. bought a new stake in shares of ProShares UltraPro QQQ in the second quarter valued at about $48,000. Finally, Dogwood Wealth Management LLC grew its stake in ProShares UltraPro QQQ by 302.0% during the second quarter. Dogwood Wealth Management LLC now owns 1,001 shares of the exchange traded fund’s stock worth $83,000 after buying an additional 752 shares in the last quarter.

ProShares UltraPro QQQ Trading Down 0.4%

Shares of NASDAQ TQQQ opened at $108.45 on Friday. The stock has a 50-day moving average price of $95.60 and a two-hundred day moving average price of $77.68. ProShares UltraPro QQQ has a 12 month low of $35.00 and a 12 month high of $109.05. The company has a market cap of $28.57 billion, a price-to-earnings ratio of 38.25 and a beta of 3.45.

ProShares UltraPro QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors 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 yield of 0.4%.

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.