Koshinski Asset Management Inc. Cuts Stock Position in ProShares UltraPro QQQ $TQQQ

Koshinski Asset Management Inc. lessened its position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) by 81.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,832 shares of the exchange traded fund’s stock after selling 12,795 shares during the quarter. Koshinski Asset Management Inc.’s holdings in ProShares UltraPro QQQ were worth $293,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Cassaday & Co Wealth Management LLC increased its position in shares of ProShares UltraPro QQQ by 33.7% during the second quarter. Cassaday & Co Wealth Management LLC now owns 45,931 shares of the exchange traded fund’s stock worth $3,812,000 after purchasing an additional 11,582 shares in the last quarter. Howard Capital Management Inc. boosted its position in shares of ProShares UltraPro QQQ by 1,071.0% in the 2nd quarter. Howard Capital Management Inc. now owns 4,855,196 shares of the exchange traded fund’s stock worth $404,067,000 after purchasing an additional 4,440,578 shares in the last quarter. Clarity Wealth Advisors LLC grew its stake in ProShares UltraPro QQQ by 35.8% during the 2nd quarter. Clarity Wealth Advisors LLC now owns 18,220 shares of the exchange traded fund’s stock worth $1,512,000 after buying an additional 4,800 shares during the last quarter. Long Run Wealth Advisors LLC acquired a new position in ProShares UltraPro QQQ during the 2nd quarter valued at about $530,000. Finally, Ashton Thomas Private Wealth LLC raised its stake in ProShares UltraPro QQQ by 390.1% in the second quarter. Ashton Thomas Private Wealth LLC now owns 28,816 shares of the exchange traded fund’s stock valued at $2,402,000 after buying an additional 22,936 shares during the last quarter.

ProShares UltraPro QQQ Stock Performance

Shares of NASDAQ TQQQ opened at $49.78 on Wednesday. ProShares UltraPro QQQ has a fifty-two week low of $17.50 and a fifty-two week high of $60.69. The company has a market cap of $26.72 billion, a PE ratio of 38.25 and a beta of 3.46. The business has a 50-day simple moving average of $52.75 and a two-hundred day simple moving average of $51.76.

ProShares UltraPro QQQ Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 24th were paid a $0.0855 dividend. This is a boost from ProShares UltraPro QQQ’s previous quarterly dividend of $0.05. The ex-dividend date was Wednesday, December 24th. This represents a $0.34 dividend on an annualized basis and a yield of 0.7%.

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. ProShare Advisors LLC (ProShare Advisors) provides the investment advisory and management services for the Fund.