SteelPeak Wealth LLC Boosts Holdings in ProShares UltraPro QQQ $TQQQ

SteelPeak Wealth LLC grew its stake in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 135.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 71,575 shares of the exchange traded fund’s stock after purchasing an additional 41,222 shares during the quarter. SteelPeak Wealth LLC’s holdings in ProShares UltraPro QQQ were worth $3,773,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. WFA of San Diego LLC purchased a new position in ProShares UltraPro QQQ in the 2nd quarter valued at about $25,000. N.E.W. Advisory Services LLC purchased a new stake in ProShares UltraPro QQQ during the 2nd quarter worth approximately $30,000. CoreCap Advisors LLC increased its stake in ProShares UltraPro QQQ by 69.8% during the 4th quarter. CoreCap Advisors LLC now owns 584 shares of the exchange traded fund’s stock worth $31,000 after buying an additional 240 shares in the last quarter. BOKF NA acquired a new position in shares of ProShares UltraPro QQQ during the third quarter valued at approximately $31,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new position in shares of ProShares UltraPro QQQ during the third quarter valued at approximately $44,000.

ProShares UltraPro QQQ Price Performance

NASDAQ TQQQ opened at $43.33 on Friday. The stock’s 50 day simple moving average is $48.37 and its 200-day simple moving average is $51.70. The company has a market cap of $25.53 billion, a PE ratio of 38.25 and a beta of 3.46. ProShares UltraPro QQQ has a 1-year low of $17.50 and a 1-year high of $60.69.

ProShares UltraPro QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 25th were issued a $0.0716 dividend. The ex-dividend date was Wednesday, March 25th. This represents a $0.29 dividend on an annualized basis and a yield of 0.7%.

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