Executive Wealth Management LLC Sells 2,152 Shares of ProShares UltraPro QQQ (NASDAQ:TQQQ)

Executive Wealth Management LLC trimmed its holdings in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) by 25.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,344 shares of the exchange traded fund’s stock after selling 2,152 shares during the quarter. Executive Wealth Management LLC’s holdings in ProShares UltraPro QQQ were worth $468,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Benjamin F. Edwards & Company Inc. purchased a new stake in shares of ProShares UltraPro QQQ during the 1st quarter valued at $37,000. Westend Capital Management LLC bought a new stake in ProShares UltraPro QQQ in the first quarter worth about $48,000. Massmutual Trust Co. FSB ADV purchased a new position in ProShares UltraPro QQQ in the first quarter valued at about $63,000. Hantz Financial Services Inc. purchased a new position in ProShares UltraPro QQQ in the second quarter valued at about $68,000. Finally, VitalStone Financial LLC grew its position in shares of ProShares UltraPro QQQ by 1,513.2% during the 4th quarter. VitalStone Financial LLC now owns 1,952 shares of the exchange traded fund’s stock valued at $99,000 after acquiring an additional 1,831 shares during the period.

ProShares UltraPro QQQ Stock Up 3.0 %

NASDAQ:TQQQ opened at $66.48 on Friday. ProShares UltraPro QQQ has a 12 month low of $30.47 and a 12 month high of $85.20. The firm’s 50 day moving average is $67.78 and its 200 day moving average is $64.62.

ProShares UltraPro QQQ Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 3rd. Shareholders of record on Wednesday, June 26th were paid a $0.2828 dividend. 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 annualized dividend and a dividend yield of 1.70%.

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.