Demars Financial Group LLC Invests $3.38 Million in ProShares UltraPro QQQ $TQQQ

Demars Financial Group LLC acquired a new stake in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 40,747 shares of the exchange traded fund’s stock, valued at approximately $3,382,000. ProShares UltraPro QQQ makes up approximately 1.3% of Demars Financial Group LLC’s holdings, making the stock its 13th largest position.

Other large investors have also added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC purchased a new stake in shares of ProShares UltraPro QQQ in the second quarter worth $395,951,000. Oriental Harbor Investment Fund boosted its stake in ProShares UltraPro QQQ by 47.3% in the 1st quarter. Oriental Harbor Investment Fund now owns 1,515,410 shares of the exchange traded fund’s stock worth $86,488,000 after purchasing an additional 486,506 shares in the last quarter. IMC Chicago LLC grew its position in ProShares UltraPro QQQ by 9,296.8% during the 2nd quarter. IMC Chicago LLC now owns 1,168,112 shares of the exchange traded fund’s stock valued at $96,953,000 after purchasing an additional 1,155,681 shares during the last quarter. Jump Financial LLC purchased a new stake in ProShares UltraPro QQQ during the 1st quarter valued at about $53,458,000. Finally, McElhenny Sheffield Capital Management LLC bought a new stake in ProShares UltraPro QQQ during the 2nd quarter valued at about $54,068,000.

ProShares UltraPro QQQ Stock Performance

Shares of ProShares UltraPro QQQ stock opened at $103.99 on Monday. The company has a 50-day simple moving average of $97.28 and a two-hundred day simple moving average of $79.71. The stock has a market capitalization of $28.38 billion, a PE ratio of 38.25 and a beta of 3.45. ProShares UltraPro QQQ has a 52-week low of $35.00 and a 52-week high of $109.66.

ProShares UltraPro QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Wednesday, September 24th were given 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.